CURO Group Holdings Corp. Receives Continued Listing Standard Notice From The NYSE
Portfolio Pulse from Happy Mohamed
CURO Group Holdings Corp. (NYSE:CURO) has received a notice from the New York Stock Exchange (NYSE) stating that it is no longer in compliance with the NYSE's continued listing standards. This is due to the company's average global market capitalization over a 30 trading-day period being less than $50 million and its stockholders' equity being less than $50 million. CURO has 45 days to submit a plan to the NYSE detailing how it will regain compliance within 18 months. If the plan is not accepted, the NYSE will initiate delisting proceedings.
October 19, 2023 | 8:33 pm
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CURO Group Holdings Corp. is at risk of being delisted from the NYSE due to non-compliance with listing standards. The company's market cap and stockholders' equity have fallen below the required $50 million. The company has 45 days to submit a plan to regain compliance.
The news directly impacts CURO as it is no longer in compliance with NYSE's listing standards. This could lead to a negative sentiment among investors, potentially leading to a decrease in the company's stock price in the short term. The company's future on the NYSE depends on the acceptance of its compliance plan.
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