Regis Corporation, a leading player in the haircare industry, has announced its decision to transfer its stock exchange listing from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market LLC (Nasdaq). The listing transfer is set to be effective from January 8, 2024, after the market closes, with the company’s shares expected to begin trading as a Nasdaq-listed security on January 9, 2024. Regis Corporation will retain its current ticker symbol RGS. This move comes as the company looks to explore alternative listing options.
In a parallel development, Regis Corporation also disclosed its intent to challenge the NYSE’s decision to initiate proceedings to delist Regis common stock from the exchange. The company aims to present its plan of compliance during the upcoming hearing. However, the NYSE, subject to a subsequent committee review, reserves the right to assess the facts and their impact on the company.
These developments highlight Regis Corporation’s determination to ensure its continued success and growth in the highly competitive haircare industry. By transferring its listing to Nasdaq, the company aims to leverage the market’s potential and maximize shareholder value. While appealing the NYSE’s decision, Regis Corporation is actively evaluating all available options to secure a favorable listing.
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