FOXO Technologies Inc. Announces Receipt Of Notice Of Non-Compliance With NYSE Continued Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
FOXO Technologies Inc. received a notice from NYSE Regulation for noncompliance with continued listing standards due to the late filing of its Form 10-Q. The company attributes the delay to recent restructuring and asserts its commitment to regaining compliance. The notice does not immediately affect the trading of FOXO's Class A common stock on the NYSE American.
December 19, 2023 | 1:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
FOXO Technologies Inc. has been notified by NYSE of noncompliance due to a delayed 10-Q filing. The company is taking steps to address the issue and maintain its listing.
Receiving a notice of noncompliance can negatively impact investor confidence and potentially lead to a decrease in stock price in the short term. However, the company's commitment to resolving the issue and the fact that trading remains unaffected may mitigate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100