Pameco Corp. announced that the company will be delisted on the New York Stock Exchange. The company's stock is now traded on the Nasdaq Over-the-Counter Bulletin Board market.
Pameco Corp. (Nasdaq: PAMC) announced that the company has received notice from the New York Stock Exchange that its stock will be delisted from that exchange. Pameco's stock is now traded on the Nasdaq Over-the-Counter Bulletin Board market, effective Dec. 29, 2000.
The distribution company has received over the last 10 months $60 million of new equity investments in the form of convertible preferred stock, which has reduced outstanding indebtedness and funded a restructuring of Pameco's operations.