The final chapter is now being written for ENGlobal Corporation, with shareholders facing near-total loss as the company progresses through Chapter 11 liquidation proceedings. The firm’s shares have been relegated to over-the-counter trading under the ticker ENGCQ following their delisting from the NASDAQ exchange.
ENGlobal’s downward spiral culminated in a Chapter 11 bankruptcy filing on March 5, 2025. What began as a reorganization effort quickly transformed into a full liquidation when the court approved a dissolution plan on June 13, 2025. This development pushed the company’s shares into penny stock territory, where they now trade on the OTC markets.
The company’s financial deterioration was evident even before the bankruptcy…