The NYSE American Accepts SatixFy's Plan To Regain Compliance With Listing Standards
Portfolio Pulse from Benzinga Newsdesk
SatixFy Communications Ltd. (SATX), a leader in satellite communication systems, has received approval from the NYSE American for its compliance plan to meet listing standards. The plan, accepted on February 6, 2024, aims for completion by May 30, 2025, and is based on expected business and technological advancements, including new customers and orders. This follows a previous notice of non-compliance from the NYSE American on November 30, 2023.
February 08, 2024 | 1:05 pm
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POSITIVE IMPACT
SatixFy's compliance plan approval by NYSE American could boost investor confidence, potentially leading to a positive short-term impact on SATX stock.
The acceptance of SatixFy's compliance plan by the NYSE American indicates regulatory approval and potential for future growth, which can positively influence investor sentiment and stock price. The plan's focus on new customers and orders suggests upcoming positive business developments, further supporting potential stock appreciation.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90