Ault Disruptive Technologies Corporation Announces Acceptance of Compliance Plan by NYSE American
Portfolio Pulse from Benzinga Newsdesk
Ault Disruptive Technologies Corporation, a special purpose acquisition company, has announced that the NYSE American has accepted its business plan to regain compliance with the Exchange's continued listing standards. The company was previously notified of its non-compliance with the standards, which require a listed company to maintain a minimum of 200,000 shares publicly held and a minimum of 300 public stockholders on a continuous basis.
October 03, 2023 | 10:36 am
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Ault Disruptive Technologies Corporation's plan to regain compliance with NYSE American's listing standards has been accepted. This could potentially stabilize the company's stock price in the short term.
The acceptance of Ault Disruptive Technologies Corporation's compliance plan by NYSE American is a positive development for the company. It shows that the company is taking steps to meet the Exchange's listing standards, which could potentially stabilize its stock price in the short term. However, the company still needs to implement the plan and meet the requirements by December 20, 2024, which introduces some uncertainty.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100