$0.030
0.000 (0.00%)收盤時
ELME 資訊
ELME 事件
Elme Communities Completes Asset Transfer and Dissolution
Elme Communities announced that the company has completed the transfer of its remaining assets and liabilities to Elme Communities Liquidating Trust, a newly-created Maryland common law trust, for the benefit of the common shareholders of the company, effective November 6, and that the company was dissolved on the effective date. This previously announced transfer and dissolution were contemplated in the Plan of Sale and Liquidation approved by the company's board of trustees on July 30, 2025 and the company's shareholders on October 30, 2025.
Elme Communities Shares to be Delisted from NYSE
Elme Communities announced that the New York Stock Exchange has exercised its discretionary authority in accordance with Section 802.01D of the NYSE Listed Company Manual to commence proceedings to delist Elme's common shares of beneficial interest from the NYSE due to "abnormally low selling price" levels. The NYSE also immediately suspended trading of the Common Shares. Given the company's previously adopted Plan of Sale and Liquidation, Elme does not intend to appeal the NYSE's determination, and, therefore, it is expected that the Common Shares will be delisted. The company anticipates the Common Shares will commence trading over-the-counter on Monday, October 26, 2026 under the symbol "ELMES". There can be no assurance regarding the development or maintenance of an active OTC trading market or the liquidity of any such market. Investors are cautioned that trading securities OTC is more limited and subject to different restrictions than trading securities listed on a national securities exchange and are advised to consult their own brokers or advisors.
NYSE Decides to Delist Elme Communities Shares
The NYSE announced that the staff of NYSE Regulation has determined to commence proceedings to delist the shares of Elme Communities from the NYSE. Trading in the company's shares of beneficial interest will be suspended immediately. NYSE Regulation has determined that the company's shares of beneficial interest are no longer suitable for listing based on "abnormally low selling price" levels, pursuant to Section 802.01D of the Listed Company Manual. The company has a right to a review of this determination by a committee of the board of directors of the exchange. The NYSE will apply to the U.S. Securities and Exchange Commission to delist the company's shares of beneficial interest upon completion of all applicable procedures, including any appeal by the company of the NYSE Regulation staff's decision.
Elme Communities Announces Ongoing Liquidation Activities
Elme Communities has announced ongoing liquidation activities and is no longer appropriate for the S&P SmallCap 600.
Elme Updates Liquidation Status, Expects to Sell Three Properties for $155 Million
On Friday after market close, the company provided an update regarding the status of ongoing liquidation activities under the Company's Plan of Sale and Liquidation, approved by Elme shareholders on October 30, 2025, stating: "As of January 23, 2026, the Company has entered into two purchase and sale agreements, which are no longer subject to ongoing inspection periods, pursuant to which it expects to sell three of its remaining properties - Elme Sandy Spring and Elme Marietta located in Georgia and Elme Watkins Mill located in Maryland - to various buyers for aggregate gross proceeds of approximately $155 million. The closing of each of these transactions is expected to occur later in the first quarter of 2026, subject to satisfaction of customary closing conditions, including, in the case of the Maryland property, regulatory requirements related to the sale of multifamily properties in Montgomery County, Maryland. The marketing and sale process with respect to the Company's remaining seven properties remains ongoing. The Company currently expects to finalize the sales of the two remaining Maryland properties, the one remaining Georgia property and Watergate 600, Elme's only office property, in the first quarter or early second quarter of 2026. The Company also expects to commence a formal marketing process for Riverside Apartments later this month and to continue the marketing process for the two D.C. properties, with a goal to have these three remaining properties under contract by mid-May. Elme continues to target completion of the sale of all 10 remaining properties by mid-year 2026." Shares of Elme are down 20% in early Monday trading at $2.35.
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