After being delisted March 5 by the New York Stock Exchange, Vancouver fitness-equipment manufacturer BowFlex is trading its stock on the over-the-counter market.
The NYSE determined BowFlex was no longer eligible to be listed after the company announced it was filing for bankruptcy, the company said in a statement last week.
BowFlex’s new ticker is BFXXQ. Unlike the major exchanges, over-the-counter markets don’t have listing standards.
The company was already under threat of delisting before filing for bankruptcy.
The exchange notified BowFlex, formerly Nautilus, in September that the company could be delisted because its stock traded at an average share price of less than a dollar for more than 30 days.
Another delisting notification followed in December regarding the company’s total value. Bowflex no longer met the NYSE’s standard for average global market capitalization.
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