Regional Health Properties, Inc. Announces Receipt Of Acceptance Letter From NYSE American
Portfolio Pulse from Happy Mohamed
Regional Health Properties, Inc. (NYSE:RHE) has received an acceptance letter from NYSE American LLC, approving the company's plan to regain compliance with the Exchange's continued listing standards. The company had previously received notices of non-compliance due to reported losses in recent fiscal years. The Exchange has granted the company until November 10, 2024, to regain compliance.
August 07, 2023 | 9:00 pm
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POSITIVE IMPACT
Regional Health Properties' plan to regain compliance with NYSE's listing standards has been accepted. The company has until November 10, 2024, to comply, which may impact its stock price.
The acceptance of the company's plan to regain compliance with NYSE's listing standards is a positive development for the company. This could potentially boost investor confidence and positively impact the company's stock price in the short term. However, the company's ability to regain compliance by the given deadline will be crucial for its continued listing and could impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100