Regional Health Properties, Inc. Announces Receipt of NYSE American Notice of Delisting and Intention to Appeal
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Regional Health Properties, Inc. (NYSE American: RHE) has received a notice from NYSE American regarding the delisting of its common stock and Series A Preferred Shares due to non-compliance with listing standards. The company plans to appeal the decision.
November 11, 2024 | 11:30 pm
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Regional Health Properties, Inc. has been notified of a delisting from NYSE American due to non-compliance with listing standards. The company plans to appeal.
The delisting notice from NYSE American is a significant negative event for RHE, as it indicates the company failed to meet compliance standards. This could lead to decreased investor confidence and a potential drop in stock price. The company's intention to appeal may mitigate some negative impact, but uncertainty remains.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100