Please ensure Javascript is enabled for purposes of website accessibility
Your free article limit has been reached this month.

Business as usual for Clearwater company — despite NYSE delisting

A credit agreement with lenders remains in place after Digital Media Solutions was stripped of its place on the exchange.


  • By Louis Llovio
  • | 10:00 a.m. October 6, 2023
  • | 0 Free Articles Remaining!
Clearwater-based Digital Media Solutions is buying HomeQuote.io.
Clearwater-based Digital Media Solutions is buying HomeQuote.io.
Image via DigitalMediaSolutions.com
  • Tampa Bay-Lakeland
  • Share

Officials at Clearwater’s Digital Media Solutions say the company is not changing how it operates the business day-to-day after being delisted from the New York Stock Exchange and that an agreement with lenders remains in place.

In a statement to investors, it says being stripped of its place on the exchange “does not affect the company’s business operations and DMS continues to be focused on its core solutions in service of its advertising clients.”

The delisting also does not change DMS’ status as a publicly traded company. While its shares will no longer to be traded on one of the most public — and prestigious — exchanges, investors will be able to buy and sell using over-the-counter markets.

 


Your Business News. Your Way.

Subscribe today. Cancel anytime.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

Latest News

×

Special Offer: Only $1 Per Week For 1 Year!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.