Form 8-K - Current report
09 Ottobre 2024 - 10:45PM
Edgar (US Regulatory)
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0001592057
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2024-10-04
2024-10-04
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event
reported): October 4,
2024
Enviva
Inc.
(Exact
name of registrant as specified in its charter)
Delaware | |
001-37363 | |
46-4097730 |
(State or other jurisdiction of incorporation) | |
(Commission File Number) | |
(I.R.S. Employer Identification No.) |
7500
Old Georgetown Rd. Suite
1400 Bethesda,
MD | |
20814 |
(Address of principal executive offices) | |
(Zip code) |
(301)
657-5560
(Registrant’s telephone
number, including area code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section
12(b) of the Act:
Title
of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
Common
Stock |
EVA(1) |
New
York Stock Exchange |
| (1) | On October 4. 2024, Enviva Inc., a Delaware corporation
(the “Company”) was notified by the staff of NYSE Regulation (“NYSE Regulation”)
that it plans to file a delisting application with the Securities and Exchange Commission (the “SEC”) to delist
the common stock of the Company (the “Common Stock”) from the New York Stock Exchange (the “NYSE”)
upon the completion of all applicable procedures and that trading in the Common Stock was suspended immediately. Ten days after the Form
25 is filed by NYSE Regulation, the delisting will become effective. The deregistration of the Common Stock under Section 12(b) of the
Securities Exchange Act of 1934, as amended, will be effective 90 days, or such shorter period as the SEC may determine, after filing
of the Form 25. The Common Stock began trading on the OTC Expert Market on October 8, 2024 under the symbol “EVVAQ.” |
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule
12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On October 4, 2024, the Company received
a notice (the “NYSE Notice”) from NYSE Regulation that it had determined to commence proceedings to delist the
Common Stock from the NYSE and that trading in the Common Stock was suspended immediately. NYSE Regulation reached its decision that the
Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company’s October 4, 2024
Current Report on Form 8-K disclosing that the Company and certain of its subsidiaries filed the Amended Joint Chapter 11 Plan of
Reorganization (the “Amended Plan”) and a related Disclosure Statement for the Amended Plan with the United
States Bankruptcy Court for the Eastern District of Virginia relating to the Company’s and its debtor affiliates’ March 12, 2024
voluntary petitions for reorganization under Chapter 11 of title 11 of the United States Code.
The NYSE will apply to the SEC to delist the Common
Stock upon completion of applicable procedures. The Company does not intend to appeal the determination and, therefore, it is expected
that the Common Stock will be delisted from the NYSE. As a result of the suspension and expected delisting, the Common Stock commenced
trading on the OTC Expert Market under the symbol “EVVAQ.” The OTC Expert Market is a significantly more limited market than
the NYSE, and quotation on the OTC Expert Market likely results in a less liquid market for existing and potential holders of the Common
Stock to trade in the Common Stock and could further depress the trading price of the Common Stock. The Company can provide no assurance
that its Common Stock will continue to trade on this market, whether broker-dealers will continue to provide public quotes of the Common
Stock on this market, or whether the trading volume of the Common Stock will be sufficient to provide for an efficient trading market.
The transition to over-the-counter markets will not affect the Company’s business operations or its reporting requirements under
the rules of the SEC.
Cautionary Statement Regarding Forward-Looking Information
This
Current Report on Form 8-K (this “Current Report”) includes “forward-looking statements” within
the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which
are beyond the Company’s control. All statements included in this Current Report, other than historical facts, are forward-looking
statements. All forward-looking statements speak only as of the date of this Current Report. Although the Company believes that the plans,
intentions, and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these
plans, intentions, or expectations will be achieved. Therefore, actual outcomes and results could differ materially from what is expressed,
implied, or forecast in such statements.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits:
Exhibit |
Description |
104 |
Cover page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Enviva Inc. |
|
|
Date: October 9, 2024 |
By: |
/s/ Jason E. Paral |
|
|
Name: |
Jason E. Paral |
|
|
Title: |
Executive Vice President, General Counsel, and
Secretary |
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Grafico Azioni Enviva (CE) (USOTC:EVVAQ)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Enviva (CE) (USOTC:EVVAQ)
Storico
Da Dic 2023 a Dic 2024