The New York Stock Exchange will delist Enviva’s stock by October 22, reported Lesprom.
This marks the company's decline, following a 2022 market valuation of almost $6 billion.
Enviva's financial difficulties emerged from a failed bet on pellet prices, which ultimately caused its bankruptcy and wipted out shareholders.
Initially, the company had offered shareholders a 5% equity stake in a restructured firm.
However, the most recent bankruptcy plan leaves shareholders with no recovery.
Enviva is set to transition into a private company.
A court hearing is scheduled for 13 November, which is set to determine the bankruptcy's process final course of action.
Enviva enters final steps of bankruptcy as NYSE delisting looms
