JOANN, Inc. Common Stock

JOAN

Market cap $4.06M

Joann (NASDAQ: JOAN ) stock is down on Wednesday as the craft supplies retailer prepares for its shares to be suspended tomorrow. When markets open on Thursday, shares of JOAN stock will be suspended and then delisted from the Nasdaq Exchange.

Another struggling penny stock is about to get the Nasdaq axe. Indeed, Joann (NASDAQ: JOAN ) stock is scheduled to be delisted on March 28, 2024.

Joann (NASDAQ: JOAN ) stock is falling on Monday as investors wait for the craft supplies company's shares to be delisted following its recent bankruptcy filing. This will result in shares of JOAN stock no longer trading on the public market once Thursday rolls around.

Arts and crafts retailer Joann Inc. has filed for Chapter 11 bankruptcy protection but expects to emerge from administration within weeks.

NEW YORK — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and some pandemic-era hobbies.

Joann Inc. stores are set to stay open while the company looks to restructure financially, according to a company bankruptcy announcement Monday.

Joann will likely become privately-owned by certain lenders and industry parties, the company added — meaning its shares would no longer be publicly traded.

Crafts retailer Joann (NASDAQ: JOAN ) filed for bankruptcy, but JOAN stock is up on the news. It's a Chapter 11 filing, which means the company's 800 stores can remain open.

Joann Inc, the owner of the Joann chain of sewing and fabric stores, is filing for Chapter 11 bankruptcy, the company has announced. The move comes after the chain has struggled with declining sales in recent years.

Joann (NASDAQ: JOAN ) stock is rocketing higher on Monday after the arts and crafts supply store announced a Chapter 11 bankruptcy filing. This bankruptcy filing is part of an agreement with lenders that will enable a restructuring of the business.