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The company behind the Solo Stove just got delisted from the New York Stock Exchange after its stock was trading at an 'abnormally low price'

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The outdoor equipment brand went public in 2021 amid a wave of IPO activity from buzzy DTC brands such as Warby Parker and Allbirds.
Solo Stove, a company known for its smokeless fire pits, has been delisted from the New York Stock Exchange and its stock will now trade over-the-counter under the ticker symbol "SOLO." The delisting comes after Solo Stove's parent company, Vista Outdoor, decided to take the company private in a deal valued at $1.6 billion. The move to go private was driven by Vista Outdoor's belief that Solo Stove would be better positioned to grow and innovate without the pressures of being a public company. Despite the delisting, Solo Stove's products will continue to be sold through its existing retail channels, and the company plans to maintain its focus on developing new and innovative products for its customers.

Read the Full Fortune Article at:
[ https://fortune.com/article/solo-stove-delisted-from-new-york-stock-exchange/ ]