regulatory
confidence high
sentiment negative
materiality 0.70
INNOVATE Corp. receives NYSE delisting notice for sub-$1.00 average closing price
INNOVATE Corp.
- NYSE notice on Feb. 26, 2024 for non-compliance with Section 802.01C (minimum share price).
- Average closing price below $1.00 over 30 consecutive trading days.
- No immediate delisting; six-month cure period to regain compliance.
- Company to notify NYSE of intent to cure; evaluating all available options.
- Failure to cure within six months will trigger suspension and delisting process.