4Kids Entertainment has moved its common stock from the New York Stock Exchange to OTC Bulletin Board Market from today (June 1st).
The firm will now trade under the new symbol KIDE, after it elected not to challenge the May 12th determination by the NYSE committee that its common stock should be suspended from trading on account of its failure to comply with the listing standard required.
"In view of the restructuring and downsizing of 4Kids, the company no longer satisfies certain listing criteria for New York Stock Exchange traded companies," said CEO Alfred Kahn. "We, therefore, have made arrangements for the company's common stock to trade on the OTCBB market beginning at the opending of trading on June 1st 2010.
"We expect the transition to the over-the-counter market from the New York Stock Exchange to be seamless for our stockholders and for the investment community."