Solo Brands Undergoes Reverse Stock Split in Hopes of Relisting on NYSE

Solo Brands, the parent company of Solo Stove, had trading of their stock on the New York Stock Exchange (NYSE) suspended in April when the price dropped significantly below $0.10. They’ve appealed that decision, and while they’re waiting to hear the results of the appeal, their stock is trading on the Over The Counter (OTC) market under the symbol DTCB.

They feel that their share price doesn’t accurately reflect the value of the company, which is the basis for their appeal. While they’re waiting for the results of the appeal, they’ve been actively working to improve the value of the company.