regulatory
confidence high
sentiment negative
materiality 0.75
Allurion receives NYSE notice for market cap non-compliance; stock to trade with ".BC"
ALLURION TECHNOLOGIES, INC.
- NYSE notified Allurion avg market cap <$50M over 30 days ended Aug 29, 2024 and equity <$50M.
- Company has 45 days to submit a cure plan; if accepted, an 18-month cure period applies.
- Common stock continues trading with ".BC" designation; no immediate delisting.
- Allurion also previously received notice on Aug 12, 2024 for non-compliance with minimum closing price.