Krispy Kreme Doughnuts (KKD) got a three-month reprieve from the Big Board Wednesday.
The struggling Winston-Salem, N.C., doughnut chain said it got an extension for continued listing and trading on the New York Stock Exchange through April 30. The company said the extension is subject to reassessment by the NYSE on an ongoing basis.
The news comes as Krispy Kreme struggles with accounting issues that have left it late in its filings with regulators and therefore subject to possible delisting.
Krispy said it expects to file by the end of April its annual report on Form 10-K for its fiscal year ended Jan. 30, 2005. If the company doesn't make the filing by April 30, the NYSE will initiate suspension and delisting procedures.
On Wednesday, Krispy rose 7 cents to $4.99.