Leslie's Secures $315M DIP Financing, Nasdaq Delisting Set for Oct 6
LESL is trading near its 52-week low of $0.09 (7.8% below the low) on elevated volume (3.7× avg).
Summary
Leslie's secured $315M in DIP financing to fund its Chapter 11 restructuring and received a Nasdaq delisting notice effective October 6, 2026.
Key Events · Legal and Risk Events · LESL
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DIP Financing Secured
Entered into $90M Term Loan DIP Facility and $225M ABL DIP Facility on October 2, 2026; $45M interim term loan drawn immediately.
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Nasdaq Delisting Determination
Received Nasdaq delisting notice on October 5, 2026; trading suspension effective October 6, 2026; no appeal requested.
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Equity Cancellation Risk
Prearranged Chapter 11 plan contemplates cancellation of existing common stock for no consideration.
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OTC Trading Expected
Company anticipates common stock will commence trading on OTC Markets following Nasdaq suspension, with no assurance of continued liquidity.
Analysis · LESL · Trade & Services
Leslie's entered into $90M term loan and $225M ABL debtor-in-possession facilities on October 2, 2026, with $45M drawn immediately. The company also received a Nasdaq delisting determination on October 5, 2026, with trading suspension effective October 6, 2026. Existing shareholders face cancellation under the prearranged Chapter 11 plan, and the delisting removes exchange liquidity just as the restructuring proceeds.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LESL was trading at $0.08 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $955.3K. The 52-week trading range was $0.09 to $12.53. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.