Horsehead Holding securities to be suspended and delisted by Nasdaq

By Caroline Salls

Pittsburgh, Feb. 3 – Horsehead Holding Corp.’s securities will be delisted from the Nasdaq Stock Market, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

Trading of the company’s common stock will be suspended at the opening of business on Feb. 11, and Nasdaq will file a 25-NSE with the SEC, which will remove Horsehead’s securities from listing and registration.

Nasdaq told the company that the delisting resulted from Horsehead’s Chapter 11 bankruptcy filing and associated public interest concerns, concerns regarding the residual equity interest of the existing listed securities holders and concerns about the company’s ability to sustain compliance with all requirements for continued listing.

Horsehead said it does not intend to appeal the delisting determination.

The company said its common stock may be immediately eligible to be quoted on the OTC Bulletin Board or in the Pink Sheets, but a market maker must sponsor the security for those listings to occur.

Pittsburgh-based Horsehead Holding is the parent company of Horsehead Corp., a U.S. producer of specialty zinc and zinc-based products and a recycler of electric arc furnace dust. The company filed bankruptcy on Feb. 2 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 16-10287.

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