Two days after it voluntarily filed for Chapter 11 bankruptcy reorganization, the stock of Austin-based deli chain Schlotzsky's Inc. (Nasdaq: BUNZQ) has been yanked from listing on the Nasdaq stock market.
Schlotzsky's says it received a Nasdaq notice indicating its stock would be delisted unless the company requests a hearing, according to a company news release issued Thursday. The company says it won't request a hearing.