FOXO Technologies Inc. Announces Receipt Of Second Notice Of Non-Compliance From NYSE American
Portfolio Pulse from Happy Mohamed
FOXO Technologies Inc. has received a second notice of non-compliance from NYSE American due to its Class A common stock selling for a low price per share for a substantial period of time. The company's continued listing is dependent on a reverse stock split or sustained price improvement by February 16, 2024. Previously, the company received a notice for not complying with the stockholders' equity requirement. The company's stock will continue to be listed while it evaluates alternatives to regain compliance.
August 18, 2023 | 8:22 pm
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FOXO Technologies Inc. is facing potential delisting from NYSE American due to non-compliance with listing standards. The company's stock price has been low for a substantial period, and it has also failed to meet the stockholders' equity requirement.
The company has received two notices of non-compliance from NYSE American, one for low stock price and another for not meeting the stockholders' equity requirement. These issues pose a serious risk to the company's listing status, which could negatively impact the stock price.
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