NeueHealth Receives NYSE Notice For Non-Compliance With Continued Listing Standards; Average Market Capitalization Below $50M Over 30 Trading Days And Stockholders' Equity Less Than $50M; Notice Does Not Impact Business Operations
Portfolio Pulse from Benzinga Newsdesk
NeueHealth has received a notice from the NYSE for non-compliance with continued listing standards due to its average market capitalization being below $50 million over the past 30 trading days and stockholders' equity being less than $50 million. This notice does not impact the company's business operations.
June 18, 2024 | 8:30 pm
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NeueHealth has been notified by the NYSE for non-compliance with listing standards, specifically due to its market capitalization and stockholders' equity being below required thresholds. This notice does not affect the company's business operations.
The NYSE notice indicates that NeueHealth is not meeting the required financial thresholds for continued listing, which could negatively impact investor confidence and lead to short-term stock price declines. However, the notice does not affect the company's business operations, which may mitigate some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100