regulatory
confidence high
sentiment negative
materiality 0.85
NYSE American begins delisting proceedings against Regional Health Properties for non-compliance
REGIONAL HEALTH PROPERTIES, INC
- NYSE American notified RHE on Nov 11, 2024 of intent to delist its common stock (RHE) and Series A preferred shares (RHE-PA).
- Delisting action based on failure to regain compliance with Sections 1003(a)(i) and (ii) by end of 18-month plan period on Nov 10, 2024.
- Company has until Nov 18, 2024 to request a review by the Listings Qualifications Panel; intends to appeal.
- Securities are expected to continue trading on NYSE American during the appeal process.