23 Jan 2025
📉NYSE American Updates Delisting Criteria for Reverse Stock Splits
Self-Regulatory Organizations; NYSE American LLC; Order Granting Approval of a Proposed Rule Change To Amend Section 1003 of the NYSE American LLC Company Guide To Provide for the Suspension and Delisting of Any Company That: (i) Has Effected One or More Reverse Stock Splits Over the Prior Two-Year Period With a Cumulative Ratio of 200 Shares or More to One; or (ii) Has Effectuated a Reverse Stock Split and the Effectuation of Such Reverse Stock Split Results in the Company's Security Falling B
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulation outlines new delisting criteria for companies on the NYSE American, particularly concerning reverse stock splits, directly affecting compliance and regulatory requirements for businesses. This impacts financial stability and operational strategies for affected companies.