MOUNT AIRY, N.C., March 3, 2021 /PRNewswire/ -- Insteel Industries,
Inc. (NasdaqGS: IIIN) today announced that it is transferring the
listing of its common stock to the New York Stock Exchange (NYSE)
from The NASDAQ Global Select Market. Insteel's common stock
will begin trading on the NYSE on March 17,
2021 under its current ticker symbol of "IIIN".
Insteel will continue to trade its common stock on NASDAQ until the
close of the market on March 16,
2021.
"We are pleased to return our share listing to the New York
Stock Exchange where Insteel was previously listed from 1992 to
2002 and to join the preeminent companies listed there as we
continue to focus on delivering long-term value for our
shareholders," stated H.O. Woltz III, Insteel's President and
CEO.
"We are delighted to welcome Insteel Industries as it transfers
its listing back to the NYSE," said John
Tuttle, Vice Chairman and Chief Commercial Officer, NYSE
Group. "We look forward to working with the company to deliver on
the benefits of our unique market model and world-class
services."
About Insteel
Insteel is the nation's largest manufacturer of steel wire
reinforcing products for concrete construction applications.
Insteel manufactures and markets prestressed concrete strand and
welded wire reinforcement, including engineered structural mesh,
concrete pipe reinforcement and standard welded wire reinforcement.
Insteel's products are sold primarily to manufacturers of concrete
products and concrete contractors for use, primarily, in
nonresidential construction applications. Headquartered in
Mount Airy, North Carolina,
Insteel operates ten manufacturing facilities located in
the United States.
IIIN – G
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SOURCE Insteel Industries, Inc.