The golf-centric leisure and entertainment company Drive Shack has de-listed from the New York Stock Exchange to prioritise "significant growth."
Based in Dallas, Drive Shack's official statement on the decision reads: "...the reduction in time spent by our management and employees complying with the requirements applicable to SEC reporting companies will enable them to focus more on managing the Company’s businesses and growing stockholder value, with a focus on long-term growth without an undue distraction by short-term financial results and stock price movement."
The company currently manages over 70 facilities across the US, with golf-centric competitive socialising names such as Puttery and American Golf populating a large portion of its portfolio.
Drive Shack have said that they expect the decision to officially come into effect on January 3, 2023.
