Spansion common stock to trade on New York Stock Exchange by Wednesday

By Lisa Kerner

Charlotte, N.C., June 22 - Spansion Inc. announced that it received authorization to list its common stock on the New York Stock Exchange under the symbol "CODE."

The company expects trading to begin on or about June 23, according to a company news release.

Spansion said it is transitioning to NYSE after trading on NYSE Amex since May 18. Its last trading day on NYSE Amex is expected to be on or about June 22, after which Spansion will voluntarily delist the stock from that exchange.

As previously reported, Spansion announced its emergence from Chapter 11 reorganization in May.

Spansion said it entered Chapter 11 reorganization with more than $1.5 billion in debt and now, it has less than $480 million in debt.

The Sunnyvale, Calif.-based maker of flash memory products filed for bankruptcy on March 1, 2009. Its Chapter 11 case number was 09-10690.

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