NYSE Says CURO Group Out Of Compliance With $15M Average Global Market Cap Requirement; NYSE To Commence Delisting Proceedings Against CURO Group Holdings And Suspend Trading Immediately
Portfolio Pulse from Benzinga Newsdesk
The NYSE announced that CURO Group Holdings is out of compliance with the $15M average global market cap requirement, leading to the commencement of delisting proceedings and immediate suspension of trading for CURO Group.
March 11, 2024 | 8:38 pm
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CURO Group Holdings faces delisting from the NYSE due to failure to meet the $15M average global market cap requirement, with trading suspended immediately.
The announcement by the NYSE directly impacts CURO Group Holdings by initiating delisting proceedings due to non-compliance with market cap requirements. This action results in an immediate suspension of trading, which is likely to negatively affect the stock's short-term price due to reduced investor confidence and limited market accessibility.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100