Starry Group Holdings, Inc.: Nasdaq/NYSE listing notice — NYSE commences delisting proceedings for Starry Group due to low trading price; also non-compliant on market cap

Starry Group Holdings, Inc.

On Dec 14, NYSE notified Starry it would suspend trading and delist STRY and STRY WS due to low trading price levels under Section 802.01D.
Board considering whether to appeal within seven calendar days of notice; NYSE will apply to SEC to effect delisting.
Additionally, on Dec 9, NYSE cited non-compliance with Section 802.01B: avg market cap <$50M and stockholders' equity <$50M over 30 days.
Company has 45 days to submit a plan to cure market cap deficiency within 18 months; Board considering whether to submit a plan.
No impact to customer internet service; operations continue as normal.

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 0.9

Starry Group Holdings, Inc. received a nyse delisting notice notice regarding minimum bid price (rules 802.01D).

Exchange: nyse
Notice: delisting notice
Deficiency: minimum bid price
Rules: 802.01D

Exact text from the filing

December 14, 2022, the New York Stock Exchange (the “NYSE”) notified the Company, and publicly announced, that the NYSE determined to commence proceedings to delist the Company’s Class A Common Stock (the “Class A Common Stock”) and warrants to purchase shares of Class A Common Stock (the “Warrants”) from the NYSE and that trading in the Class A Common Stock and Warrants would be suspended immediately, due to trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual (“Section 802.01D”). The Company has a right to an appeal of this determination by the NYSE, provided th

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Starry Group Holdings, 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

December 9, 2022, the NYSE notified the Company that it is not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE Listed Company Manual (“Section 802.01B”) 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 stockholders’ equity was less than $50 million. Under the NYSE’s rules, the Company has 45 days from the receipt of the Section 802.01B notice to submit a plan advising the NYSE of definitive action the Company has taken, or is taking, which would

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Source: SEC EDGAR

accession 0000950170-22-026619

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