Natuzzi Announces the Filing of a Request for Review of the NYSE Delisting Determination and the Conversion of an Additional €5 Million of Shareholder Loans Into Equity
Natuzzi Announces the Filing of a Request for Review of the NYSE Delisting Determination and the Conversion of an Additional €5 Million of Shareholder Loans Into Equity
Natuzzi seeks NYSE review of a delisting move while strengthening its equity base via a €5 million shareholder loan reclassification.
SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--
As previously disclosed, on August 26, 2026, Natuzzi S.p.A. (the “Company”) received written notice from the New York Stock Exchange (the “NYSE”) that the NYSE staff had determined to commence proceedings to delist the Company’s American Depositary Shares (“ADSs”) as a result of the Company’s failure to comply with the continued listing standard set forth in Section 802.01B of the NYSE Listed Company Manual, which requires the Company to maintain an average global market capitalization over a consecutive 30 trading-day period of at least US$15 million.
On September 10, 2026, the Company submitted a request for review of the NYSE determination to a Committee of the Board of Directors of the NYSE, pursuant to Section 804.00 of the NYSE Listed Company Manual.The review will be scheduled for the first review day, which is at least 25 business days from the date the request for review is filed with the NYSE.
In addition, on September 9, 2026, the controlling shareholder of the Company, INVEST 2003 S.r.l., formally and irrevocably agreed to reclassify an additional €5,000,000 of shareholder loans previously granted to the Company as an advance payment on account of a future capital increase (versamento in conto futuro aumento di capitale).This amount is expected to be recorded as an equity reserve on the Company’s balance sheet as of September 30, 2026.
About Natuzzi S.p.A.
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture. As of March 31, 2026, Natuzzi distributes its collections worldwide through a global retail network of 552 monobrand stores, in addition to Natuzzi galleries and curated placements within larger, multi-brand environments. Natuzzi products embed the finest spirit of Italian design and the unique craftsmanship details of the “Made in Italy”, where a predominant part of its production takes place. Natuzzi has been listed on the New York Stock Exchange since May 13, 1993. Committed to social responsibility and environmental sustainability, Natuzzi S.p.A. is ISO 9001 and 14001 certified (Quality and Environment), ISO 45001 certified (Safety on the Workplace) and FSC® Chain of Custody, CoC (FSC-C131540).
Natuzzi Corporate Communication
Giancarlo Renna (Communication Manager) | tel. +39.342.3412261 | grenna@natuzzi.com
Barbara Colapinto | tel. +39.331.6654275 | bcolapinto@natuzzi.com
Source: Natuzzi S.p.A.
Key Terms
american depositary sharesfinancial
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
continued listing standardregulatory
Continued listing standards are the ongoing rules a stock exchange or trading venue requires a company to meet to keep its shares listed, such as minimum share price, market value, shareholder equity, and timely financial reporting. For investors, these standards matter because failure to meet them can trigger warnings or removal from the exchange, which can reduce a stock’s visibility, trading liquidity, and value—similar to how failing building inspections can limit a business’s ability to operate publicly.
equity reservefinancial
A portion of a company’s shareholders’ equity that is set aside for a specific purpose and not available for ordinary dividend payments. Equity reserves arise from transactions or accounting rules—examples include share premium from issuing stock above par, revaluation gains, legal or statutory reserves, and stock‑based compensation reserves—and act like a labeled bucket within owners’ equity that affects how much profit can be distributed and how ownership or book values are reported.
