Olympic Steel Completes Merger with Ryerson, Delists from NASDAQ

summarizeSummary

Olympic Steel has completed its merger with Ryerson Holding Corporation, resulting in its delisting from NASDAQ and the conversion of its shares into Ryerson stock.

check_boxKey Events

• Merger Completion

  Olympic Steel, Inc. has completed its merger with Ryerson Holding Corporation, becoming a wholly owned subsidiary of Ryerson as of February 13, 2026.

• Share Conversion

  Each share of Olympic Steel common stock was converted into 1.7105 shares of Ryerson Common Stock, with approximately 19.5 million Ryerson shares issued to former Olympic Steel holders.

• Delisting and Deregistration

  Olympic Steel's common stock (ZEUS) ceased trading on NASDAQ and was delisted, with the company intending to suspend its reporting obligations under the Exchange Act.

• Change in Control and Board

  A change in control occurred, and the entire board of directors of Olympic Steel was replaced, with new directors appointed from the acquiring entity.

auto_awesomeAnalysis

This filing marks the definitive conclusion of the previously announced merger, transforming Olympic Steel into a wholly owned subsidiary of Ryerson Holding Corporation. Investors in Olympic Steel will now hold shares of Ryerson Common Stock, and Olympic Steel's independent public trading and reporting will cease. This event fundamentally alters the investment thesis for former Olympic Steel shareholders, as their investment is now in the combined entity. The delisting from NASDAQ signifies the end of Olympic Steel as a standalone publicly traded company.