regulatory
confidence high
sentiment negative
materiality 0.85
Regis receives NYSE delisting notice for low market cap ($40.7M) and share price ($0.89)
REGIS CORP
- 30-day average market cap of $40.7M and stockholders' equity of $11.1M as of March 31, 2022, both below $50M.
- 30-day average closing price of $0.89 per share, below the $1.00 minimum required by NYSE.
- Company has 45 days to submit a plan to cure market cap deficiency; 6 months to cure share price deficiency.
- Common stock to continue trading on NYSE under symbol RGS with '.BC' designation while pursuing compliance.
- Company is considering all options to regain compliance but provides no assurance of success.