BARK Inc. (BARK) warrants face NYSE delisting as annual meeting set
Rhea-AI Filing Summary
BARK, Inc. reports that the New York Stock Exchange has started proceedings to delist the company’s warrants and has immediately suspended trading in those warrants because of “abnormally low selling price” levels under NYSE rule 802.01D. Each warrant is exercisable for one share of common stock at an exercise price of $11.50 per share under the ticker “BARK-WS,” and the company does not plan to appeal the NYSE’s determination. The NYSE will apply to the SEC to complete the warrant delisting process.
Trading in BARK’s common stock will continue on the NYSE under the ticker “BARK” and is stated to be unaffected by this action, subject to ongoing compliance with other listing standards. BARK also expects to hold its 2025 Annual Meeting of Stockholders on March 25, 2026, and has set a deadline of December 29, 2025, for stockholders to submit proposals or director nominations under Rule 14a-8, its bylaws, or for inclusion on a universal proxy card.
Positive
- None.
Negative
- NYSE warrant delisting and trading suspension: The NYSE has suspended trading and begun delisting proceedings for BARK’s warrants due to “abnormally low selling price” levels, which can materially reduce warrant liquidity and marketability.
Insights
NYSE will delist BARK warrants, while common stock listing remains.
The NYSE has determined that BARK’s warrants no longer meet listing standards because of “abnormally low selling price” levels under Section 802.01D and has suspended trading. Each warrant represents the right to buy one share of common stock at $11.50 per share, and BARK states it will not appeal, so the delisting process is expected to proceed through an NYSE application to the SEC.
For warrant holders, losing an NYSE listing typically reduces liquidity and may lead to wider bid‑ask spreads or migration to over‑the‑counter trading venues, depending on future arrangements. The company’s common stock continues to trade on the NYSE under “BARK,” and the notice explicitly states that common stock trading is unaffected by the warrant action, provided BARK continues to meet other NYSE listing requirements.
BARK also outlines governance logistics by setting December 29, 2025, as the cutoff for submitting stockholder proposals and director nominations for the expected March 25, 2026 annual meeting. These deadlines frame when governance matters and potential stockholder proposals must be organized for inclusion in the proxy statement or universal proxy card under Rule 14a-8, Rule 14a-19, and the company’s bylaws.
8-K Event Classification
FAQ
What did BARK Inc. (BARK) announce about its NYSE-listed warrants?
What are the terms of BARK Inc.’s delisted warrants?
Will BARK Inc. appeal the NYSE decision to delist its warrants?
When is the expected 2025 Annual Meeting of Stockholders for BARK Inc. (BARK)?
What is the deadline for BARK Inc. stockholder proposals under Rule 14a-8 for the 2025 Annual Meeting?
What is the deadline for BARK Inc. director nominations and other non-Rule 14a-8 business?