regulatory
confidence high
sentiment negative
materiality 0.65
Beachbody receives NYSE delisting notice for market cap/equity below $50M minimum
Beachbody Company, Inc.
- NYSE notified Beachbody on April 10 that avg. market cap was below $50M over 30 trading days and stockholders' equity also under $50M.
- Company must submit a business plan within 45 days showing how it will regain compliance within 18 months.
- Listing remains unaffected for now, subject to continued compliance with other NYSE standards.
- Beachbody intends to submit a plan to NYSE to address the deficiency.