TEAM INC (TISI): Nasdaq/NYSE listing notice — Team, Inc. receives NYSE delisting notice for failing $50M market cap and equity thresholds

TEAM INC

Notice received March 14, 2024 for non-compliance with NYSE Rule 802.01B: avg global market cap <$50M and shareholders' equity <$50M over 30 days.
Company has 45 days to submit a plan to regain compliance within 12 months; NYSE approval required.
Common stock (TISI) continues trading on NYSE during cure period; no immediate impact on debt agreements.
Company considering options but cannot assure compliance or continued listing.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

TEAM INC received a nyse deficiency notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

March 14, 2024, Team, Inc. (the “Company”) received a written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported shareholders’ equity was less than $50 million. As required by the NYSE, the Company intends to timely notify the NYSE of its intent to cure the deficiency and restore its compliance with the N

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

TEAM INC received a nyse deficiency notice notice regarding stockholders equity (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 802.01B

Exact text from the filing

March 14, 2024, Team, Inc. (the “Company”) received a written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the continued listing standards set forth in Rule 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported shareholders’ equity was less than $50 million. As required by the NYSE, the Company intends to timely notify the NYSE of its intent to cure the deficiency and restore its compliance with the N

View on SEC.gov

94 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

TEAM INC filing history →

Source: SEC EDGAR

accession 0000318833-24-000012

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