As previously announced would happen, Vita Food Products was delisted from the American Stock Exchange (AMEX) yesterday (26 November).
Go deeper with GlobalData
Vita Food Products, Inc. ‘s common shares will be listed on the OTC Pink Sheets,trading under the new ticker “VFPI”.
As reported on just-food earlier this month, Vita Food Products has made the move in a bid to trim costs from the business.
President and CEO of the Chicago speciality and seafood firm, in which fewer than 300 people held shares, Cliff Bolen said the costs of being a public company had risen “significantly”.
He said: “Our board has determined that the rising costs of compliance, as well as the substantial demands on management time and resources compelled by the compliance requirements, outweigh the benefits the company receives from maintaining its registered and listed status.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
