NYSE Announces Intent to Commence Delisting Proceedings for Regis Corporation Common Stock
Portfolio Pulse from Benzinga Newsdesk
NYSE Regulation is initiating delisting proceedings for Regis Corporation (NYSE:RGS) due to non-compliance with listing standards related to stockholders' equity and market capitalization. RGS has not been suspended and will continue trading on the NYSE while it considers requesting a review of the delisting decision.
December 14, 2023 | 11:34 am
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Regis Corporation faces delisting from NYSE due to failure to meet listing requirements. The stock continues to trade as the company decides on appealing the decision.
The announcement of delisting proceedings typically has a negative impact on investor confidence and the stock price, as it reflects regulatory concerns and potential liquidity issues. Although trading has not been suspended, the uncertainty surrounding the appeal process and the company's failure to meet listing standards are likely to weigh on the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100