Altisource Asset Management Corporation Reports Receipt Of Communications From NYSE
Portfolio Pulse from Benzinga Newsdesk
Altisource Asset Management Corporation (AAMC) received a notice from the NYSE on November 30, 2023, indicating that AAMC's common stock will be delisted due to non-compliance with listing standards. AAMC intends to appeal the decision within the required seven-day period. The outcome of the appeal is uncertain, and further announcements will be made post-appeal regarding the stock's listing status.
December 04, 2023 | 9:19 pm
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NEGATIVE IMPACT
AAMC has been notified by the NYSE of impending delisting due to non-compliance with listing standards. The company will appeal, but the final outcome is uncertain.
The notice of delisting is a significant negative event for AAMC, indicating non-compliance with NYSE standards. While the company plans to appeal, the uncertainty surrounding the appeal's outcome and the potential delisting could negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100