ATI Physical Therapy delisted from NYSE
ATI Physical Therapy, a prominent outpatient physical therapy provider in the US, has received notification from the New York Stock Exchange (NYSE) that its Class A common stock will be delisted. Trading of its stock on the NYSE was suspended after market close on December 3, 2024. The company is now in discussions to obtain interim financing to offer liquidity to its common stockholders.
Transition to OTC Pink® Market
ATI anticipates that its Class A common stock will now be publicly traded on the OTC Pink® Market. This move is not expected to impact the company’s operations, relationships with partners or employees, or its Securities and Exchange Commission reporting obligations.
Company Outlook and Statements
Despite the delisting, ATI’s CEO, Sharon Vitti, remains confident in the company’s strategic plan and its focus on growth. The Chief Financial Officer, Joe Jordan, highlighted that the interim financing discussions aim to simplify the company’s capital structure and provide liquidity to stockholders.
About ATI Physical Therapy
ATI Physical Therapy is dedicated to promoting active lifestyles by offering high-quality musculoskeletal pain prevention and treatment services. With over 850 locations in 24 states and a virtual practice, ATI prioritizes standardized clinical guidelines and processes to ensure optimal patient outcomes.
For more information on ATI’s services, visit ATIpt.com.
Source : www.prnewswire.com