Delisted Securities & Penny for the Lot

What happens when a stock 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, listed here. Should you encounter any challenges while attempting to sell your OTC security, please contact us at +1 888-828-0618.

Complete delisting

If a stock is delisted from all exchanges, it may be considered worthless and automatically removed.

How can I remove a security from my account?

You can remove a security from your account using a Penny for a Lot (PFL) transaction, which allows you to sell some or all of your position for $0.01. Please consult with your tax advisor to confirm that this course of action will not result in any unintended effects on your tax return.

To initiate this process, provide a completed Penny For the Lot (PFL) form via the in-app Help Center or support@webull.com. We will review your request, which may take 5-7 business days for processing.

Please note that as a result of this sale, you will have no further claim to the securities, and Apex makes no predictions regarding their future value. By authorizing the removal of a worthless security, you acknowledge that this action is permanent and irreversible. You forfeit all ownership rights, including potential claims to dividends, interest, recoveries, or future value. You confirm that the security is deemed worthless to the best of your knowledge and accept the risk that it may regain value. By proceeding, you waive all rights to any future entitlements associated with this security.