FOXO Technologies Receives Notice From NYSE American Regarding Late Filing Of Quarterly Report On Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
FOXO Technologies Inc. (NYSE:FOXO) received a notice from NYSE American for not filing its Q3 Form 10-Q on time, violating the Exchange's listing standards. The company has until May 20, 2024, to file and regain compliance, with a possible six-month extension. FOXO's securities will continue trading with a late filer indicator during this period.
November 29, 2023 | 9:30 pm
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FOXO Technologies Inc. is at risk of non-compliance with NYSE American listing standards due to a late Q3 report filing. The company has a cure period until May 20, 2024, to file the report and avoid potential delisting.
The late filing of the quarterly report is a significant compliance issue that can lead to investor concern about the company's governance and operational management. This news could negatively impact investor confidence and the stock price in the short term. The importance is high due to the potential risk of delisting, but not at the maximum because the company has a cure period to rectify the situation. The confidence level is not at 100 because the company has stated its intention to file as soon as practicable, which could mitigate the negative impact if done promptly.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100