Regis Announces Appeal Of NYSE Determination To Commence Proceedings To Delist Co.'s Common Stock
Portfolio Pulse from Benzinga Newsdesk
Regis Corporation has announced its intention to appeal the New York Stock Exchange's decision to begin delisting proceedings for the company's common stock. The appeal process will delay the delisting, but the outcome remains uncertain.
December 28, 2023 | 9:08 pm
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Regis Corporation's appeal against the NYSE's delisting decision may create short-term uncertainty for its stock, potentially affecting investor sentiment and stock price.
The announcement of an appeal against delisting typically indicates significant issues with a company's ability to meet exchange requirements. While the appeal is pending, it creates uncertainty about the stock's future, which can lead to decreased investor confidence and a potential drop in stock price in the short term.
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