delist

tr.v., -list·ed, -list·ing, -lists.
To remove from a list, especially from a list of securities that may be traded on a stock exchange: delisted the stock.

The removal of a listed security from the exchange on which it trades. Stock is removed from an exchange because the company for which the stock is issued, whether voluntarily or involuntarily, is not in compliance with the listing requirements of the exchange.

Investopedia Says:
The reasons for delisting include violating regulations and/or failing to meet financial specifications set out by the stock exchange. Companies that are delisted are not necessarily bankrupt, and may continue trading over the counter.

In order for a stock to be traded on an exchange, the company that issues the stock must meet the listing requirements set out by the exchange. Listing requirements include minimum share prices, certain financial ratios, minimum sales levels, and so on. If listing requirements are not met by a company, the exchange that lists the company's stock will probably issue a warning of non-compliance to the company. If the company's failure to meet listing requirements continues, the exchange may delist the company's stock.

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Removal of an issue from trading on an organized Stock Exchange such as the New York Stock Exchange. If the issuer fails to maintain the minimum listing requirements, trading of its securities on the exchange can be suspended or eliminated.

Removal of an issue from authorized trading on an organized exchange such as the New York Stock Exchange. Organized exchanges have minimum listing requirements which must be met before listed trading is allowed. If the issuer fails to maintain the minimum requirements, trading in its listed securities can be suspended or eliminated entirely by the governing body of the exchange. See stock exchange.

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