regulatory
confidence high
sentiment negative
materiality 0.70
Fathom Digital Manufacturing Corp: Nasdaq/NYSE listing notice — Fathom Digital Manufacturing receives NYSE noncompliance notice for stock price below $1.00
Fathom Digital Manufacturing Corp
- Notified on March 29, 2023 that average closing price of Class A common stock was below $1.00 over prior 30 trading days.
- Has six months from notice to regain compliance under NYSE Section 802.01C, or until next annual meeting if stockholder approval needed.
- Can cure if on last trading day of any month closing price is at least $1.00 and 30-day average is at least $1.00.
- Company intends to respond to NYSE regarding its plan to cure the deficiency; listing continues during cure period.
- Failure to meet conditions could lead to delisting from NYSE.