What should I do if a stock I bought is delisted?

Delisting from NYSE/NASDAQ:
If a stock is delisted from a major exchange and moves to the OTC market, you may still close your position using the Webull app. Webull supports trading for a limited number of OTC securities.

Complete Delisting:
If a stock is delisted from all exchanges, there are two ways to remove the position from your account:

1. Automatic Removal: The position may be deemed worthless and automatically removed.
2. Penny for A Lot Transaction: If not removed automatically, you can request a "Penny for A Lot" transaction, where you sell the entire position for $0.01. To proceed, fill out a 'Penny for A Lot' form and submit it through our in-app Help Center.