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Elme Communities faces NYSE delisting; OTC trading to begin October 26; shares crash

NYSE delisting triggers OTC trading October 26 and share crash.

Context

What happened: The NYSE immediately suspended trading in Elme Communities common shares. Elme does not intend to appeal, citing its previously adopted plan of sale and liquidation, and expects OTC trading under ELMES to begin October 26, 2026. Key numbers: ELME shares down over 96% post-market. OTC trading expected to begin October 26, 2026. Why it matters: Delisting is likely given the company's decision not to appeal, and the shares fell sharply after the NYSE suspension.

What changed

The NYSE immediately suspended trading in Elme Communities common shares. Elme does not intend to appeal, citing its previously adopted plan of sale and liquidation, and expects OTC trading under ELMES to begin October 26, 2026.

Why it matters

Delisting is likely given the company's decision not to appeal, and the shares fell sharply after the NYSE suspension.

Sources

seekingalpha