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wire-news-main"> <div class="banner-content"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-7375874957453054" crossorigin="anonymous"></script>  <ins class="adsbygoogle" style="display:inline-block;width:860px;height:196px" data-ad-client="ca-pub-7375874957453054" data-ad-slot="7033260984"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script></div> <article class="story-package story-container" itemscope itemtype="http://schema.org/NewsArticle"> <meta itemprop="url" content="https://www.lesprom.com/en/news/NYSE_to_delist_Enviva%25E2%2580%2599s_stock_by_October_22_115493/" /> <meta itemprop="datePublished" content="2024-10-14T16:25:26+03:00" /> <meta itemprop="dateModified" content="1999-11-30T00:00:00+03:00" /> <div class="dnone" itemprop="description">A court hearing scheduled for November 13 will determine the final steps in the bankruptcy process.</div> <div class="news-content-wrap"> <div class="news-header-block"> <p class="news-topic"> <a class="news-topic-link" href="/en/news/products/Wood_pellets_62/">Wood pellets</a> </p> <div class="news-title-wrap"> <h1 class="news-title" itemprop="headline" data-link="/en/news/NYSE_to_delist_Enviva%E2%80%99s_stock_by_October_22_115493/" data-id="115493">NYSE to delist Enviva’s stock by October 22</h1> </div> <div class="news-byline-wrap"> <div class="news-byline"> <time class="full-time" datetime="2024-10-14T16:25:26+03:00"><span class="time">16:25</span><span class="full-time-separator"> / </span><span class="date">October 14, 2024</span></time> </div> </div> </div> </div> <div class="news-content-wrap" itemprop="mainEntityOfPage"> <div class="news-image beyond-borders" itemprop="image" itemscope itemtype="http://schema.org/ImageObject"><meta itemprop="width" content="1390"><meta itemprop="height" content="1039"><meta itemprop="url" content="https://www.lesprom.com/assets/files/news_fs/FouhAJEec5VExVswx9GT.jpg"><img itemprop="contentUrl" alt="NYSE to delist Enviva’s stock by October 22" class="news-image-db" src="https://www.lesprom.com/assets/files/news_fs/FouhAJEec5VExVswx9GT.jpg" /><div class="image-caption"><p><strong>Image:</strong> <span itemprop="caption">Enviva</span></p></div></div> <div class="news-content" itemprop="articleBody"> <p><span style="font-size: 12pt;">The New York Stock Exchange will delist Enviva’s stock by October 22, marking the final chapter in the company’s dramatic fall from a market value of nearly $6 billion in 2022. The wood-pellet producer’s financial troubles arose from a <a href="https://www.lesprom.com/en/news/Enviva_nears_bankruptcy_amid_wood_pellet_pricing_misstep_111849/">failed bet</a> on pellet prices, pushing the firm into bankruptcy and wiping out shareholders.</span></p> <p>Initially, the company <a href="https://www.lesprom.com/en/news/Enviva_announces_Restructuring_Agreements_amid_Chapter_11_proceedings_112233/">had offered</a> shareholders a 5% equity stake in a restructured firm. However, the latest bankruptcy plan leaves shareholders with no recovery as Enviva transitions into a private company. <span style="font-size: 12pt;">A court hearing scheduled for November 13 will determine the final steps in the bankruptcy process.<br /><br /><span><div class="news-image beyond-borders"><img alt="" class="news-image-db" src="/assets/files/news_fs/hDocVMcTBnAyHGc59wjw.jpg" /><div class="image-caption"><p><strong>Image:</strong> Enviva's share price / Google Finance</p></div></div></span><br /></span></p> </div> </div> <div class="dnone" itemprop="publisher" itemscope itemtype="http://schema.org/Organization"> <a itemprop="url" href="https://www.lesprom.com"><span itemprop="name">Lesprom Network</span></a> <div itemprop="logo" itemscope itemtype="http://schema.org/ImageObject"> <meta itemprop="width" content="300"><meta itemprop="height" content="300"><meta itemprop="url" content="https://www.lesprom.com/assets/files/avatars/BWQEhGwrTpZtN25gpi2i.png"> <img 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