By Dean Seal
The NYSE American exchange has and intends to delist shares of Polished.com after the company said it plans to file for bankruptcy.
The New York Stock Exchange’s regulatory arm has determined that the stock is no longer suitable for listing after the online retailer of home appliances said on Thursday that it has suspended operations.
Polished.com said it was unable to obtain additional financing after “working to reach a resolution with its lenders” and explored multiple alternative funding paths, and now intends to file for Chapter 7 bankruptcy protection.
NYSE said the company can review the staff’s determination to delist the stock and appeal if it chooses.
Write to Dean Seal at dean.seal@wsj.com
