Blue Foundry Bancorp Delisting Notice for BLFY
Summary
SEC received Form 8-K from Blue Foundry Bancorp (CIK: 0001846017) notifying of delisting proceedings for ticker symbol BLFY. The filing triggers public company disclosure obligations and exchange delisting procedures under SEC Rule 12d2-2. Investors holding BLFY shares should monitor exchange notifications regarding trading suspension timelines.
What changed
Blue Foundry Bancorp filed Form 8-K with the SEC under Item 3.01 (Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard), notifying the commission that its common stock (BLFY) is subject to delisting from its listing exchange. The filing indicates the company received, or expects to receive, a delisting determination from the exchange due to failure to meet continued listing standards.\n\nPublic companies with BLFY exposure should review their continued listing obligations and assess whether they hold shares or securities convertible to BLFY. Broker-dealers and investment advisers should update client portfolios and trading systems to reflect impending delisting and potential OTC markets transition. The delisting process typically concludes 30 days after the exchange's delisting determination unless the company requests a hearing or appeals.
What to do next
- Update trading systems to reflect BLFY delisting and potential OTC transition
- Notify clients holding BLFY shares of delisting proceedings and trading implications
- Review compliance procedures for securities affected by delisting under exchange listing standards
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