Solo Brands, the parent company of Solo Stove, has been battling to stay listed on The New York Stock Exchange (NYSE) since they started their turnaround. They received a notice from NYSE at the beginning of April that they were beginning delisting procedures.
The Solo Brands share price had fallen to a point where their market cap was under $15 million. That’s a threshold to be listed on the exchange.
Solo Brands filed an appeal while they moved their listing to the OTCQB Venture Market under the name SBDS. It seemed more like a move to show their desire to remain listed rather than because they had standing to remain listed under NYSE requirements.
Following the notification from the NYSE, our business continues with no changes to our operations, strategic priorities, or financial position. Our strategic transformation remains on track, and we intend to continue to operate with full transparency through
John Larson, President and CEO of Solo Brands – 8k filing dated 4/2/26
SEC filings, earnings calls, and ongoing investor relations outreach. We remain focused on building a lean, profit-driven organization and leveraging our innovation capabilities to strengthen our competitive position. Our balance sheet remains sound, we are in compliance with all debt covenants, and we continue to prioritize cashflow generation to reduce debt over time. Ultimately, our objective is to execute consistently, improve profitability, and position the Company to return to a national exchange.
Today, they ended their appeal of the delisting determination, so the Exchange has notified the SEC of their intention to remove the entire class of Class A Common Stock on July 20th.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange (the “Committee”) the determination to delist the Shares, provided it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. The Company filed such a request on April 16, 2026, within the specified time period. On July 8, 2026, the Company notified the Exchange that it withdrew from the appeal process. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.
Notification of Removal of Listing from NYSE
Solo Brands has made strides to right the ship by getting back to innovation and by right-sizing their expense structure to match their new revenue profile. Given their previous stated desire to be listed on a major exchange and meet reporting requirements, hopefully we’ll still see SEC reporting. They have good value in the Solo Stove brand and Chubbies has been growing, so they could attempt to relist once the economy improves in the future.