Catalent Regains Compliance With NYSE Continued Listing Standards
Portfolio Pulse from Benzinga Newsdesk
Catalent, Inc. (CTLT) has regained compliance with NYSE continued listing standards after curing a previously disclosed non-compliance issue. The NYSE has removed Catalent from its noncompliant issuers list following the company's timely filing of its Annual Report on Form 10-K for the year ended June 30, 2023, and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.
December 15, 2023 | 1:40 pm
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POSITIVE IMPACT
Catalent, Inc. has resolved its non-compliance with NYSE listing standards, which is a positive development for the company and may instill investor confidence.
Regaining compliance with NYSE listing standards removes the risk of delisting, which is a significant concern for investors. This news is likely to be viewed positively by the market, as it indicates that the company has addressed the issues that led to the non-compliance. The removal from the noncompliant issuers list can restore investor confidence and potentially lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100