flyExclusive Receives Notice From NYSE American Regarding Late Filing Of Annual Report On Form 10-K
Portfolio Pulse from Benzinga Newsdesk
flyExclusive, Inc. (NYSEAMERICAN: FLYX) received a notice from NYSE American for not filing its Annual Report on Form 10-K for the year ended December 31, 2023, on time. The company has six months to regain compliance with NYSE listing standards. Failure to file within this period could lead to delisting, although an extension may be granted. flyExclusive attributes the delay to the significant resources required for financial reporting as a newly public company and a taxable corporation since December 2023. The company is working to file the Form 10-K by the end of April but cannot assure compliance with Exchange listing standards.
April 22, 2024 | 12:40 pm
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flyExclusive, Inc. received a notice from NYSE American for not timely filing its Annual Report, risking delisting. The company is striving to file the report by April's end.
The notice from NYSE American regarding the late filing of the Annual Report on Form 10-K puts flyExclusive at risk of delisting, which can negatively impact investor confidence and the stock price in the short term. The company's efforts to file the report by the end of April may mitigate some concerns, but the uncertainty around achieving compliance with NYSE listing standards and the potential for delisting proceedings introduces significant risk.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100