bebe stores, inc. (Nasdaq: BEBE) (the Company) announced that it has notified the NASDAQ Stock Market on December 8, 2017 of its intention to voluntarily delist its common stock from the NASDAQ Capital Market. The Company intends to cease trading on the NASDAQ Stock Market on Monday, December 18, 2017. Therefore the last day of trading on the Nasdaq Stock Market will be Friday, December 15, 2017.
Once delisted, the Company anticipates its stock will begin trading on the OTCQB Market, which is operated by OTC Markets Group, a centralized electronic quotation service for over-the-counter securities, on Monday, December 18, 2017. The decision of the Company’s Board of Directors to move the listing of its common stock from Nasdaq to the OTCQB was driven by cost savings. The Company intends to retain the trading symbol BEBE.
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Contacts:
Walter Parks, 415-715-3900
President,
Chief Operating Officer and Chief Financial Officer
