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Steel Partners Announces Voluntary NYSE Delisting and SEC Deregistration

1. SPLP plans to voluntarily delist its Common and Series A Units from NYSE. 2. This decision may affect liquidity and investor sentiment around SPLP.

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Why Bearish?

Voluntary delisting can lead to decreased trading volume and investor confidence. Historical cases like other delistings often negatively impacted share prices.

How important is it?

The decision to delist is a significant corporate development impacting investor perception and stock liquidity, potentially affecting SPLP's future growth and strategic options.

Why Short Term?

The immediate effects of delisting may lead to rapid changes in liquidity and investor sentiment. Markets typically react quickly to news like this.

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SPACAMRC
NEW YORK--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“SPLP” or the “Company”) announced today that it has given formal notice to the New York Stock Exchange (“NYSE”) of its intention to voluntarily delist its (a) Common units, no par value (the “Common Units”) and (b) 6.0% Series A Preferred Units (the “Series A Units” and together with the Common Units the “Units”) from the NYSE and to deregister under Section 12(b) of the Securities Excha.

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