Vestand Inc. delisted from NYSE American as shares trade at $0.001

What happened

Vestand Inc. (ticker VSTD), a small public company that operates retail eating places, had its shares delisted from the exchange where they traded, according to a Form 25-NSE filed with the SEC on October 9, 2026.

The filing was submitted by the exchange, not by the company. Price data for the same date put the shares at $0.001, unchanged from the prior session, on no reported change in value. The filing document itself could not be retrieved, so the specific reason the exchange gave for the delisting is not available from these sources.

The company

Vestand Inc. is listed in the filing under the business description "Retail-Eating Places," the standard classification for companies that operate restaurants and similar food-service establishments. It trades under ticker VSTD and is a micro-cap company with no significant analyst coverage.

What this means

A Form 25 is the document used to remove a security from a national exchange listing. Either the issuer or the exchange can file one. This filing is a Form 25-NSE, where NSE stands for national securities exchange, which means the exchange itself initiated the removal rather than the company.

Delisting is a listing-status change, not a dissolution of the company. The shares stop trading on the exchange where they were listed. A company's stock can continue to trade over the counter afterward. What happens next for VSTD is not established by these sources.

The $0.001 share price is relevant context. At that price the stock is below one cent, which is far under the $1 minimum that exchanges typically require for continued listing. However, the filing text could not be retrieved, so this article cannot state that the sub-penny price is the reason the exchange acted.

One important distinction: a Form 25 covering debt securities — notes or bonds being repaid at maturity — is routine housekeeping. A Form 25 covering common stock, as here, is a material event because it ends the company's exchange listing.