TUPPERWARE BRANDS CORP: Nasdaq/NYSE listing notice — Tupperware receives NYSE delisting notice for low market cap and sub-$1 stock price

TUPPERWARE BRANDS CORP

NYSE notice (June 1, 2023) cites avg market cap <$50M and stock price <$1.00 over 30 days.
Company has 45 days to submit a business plan; 18-month cure period for market cap, 6 months for stock price.
Tupperware also faces ongoing NYSE non-compliance for late 2022 Form 10-K filing (due mid-July 2023).
Prior misstatements and material weaknesses in internal controls reported; restatement of financials pending.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

TUPPERWARE BRANDS CORP received a nyse deficiency notice notice regarding other (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Rules: 802.01B

Exact text from the filing

June 1, 2023, Tupperware Brands Corporation (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating the Company is not in compliance with Sections 802.01B and Section 802.01C of the NYSE Listed Company Manual because (i) the Company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported stockholders’ equity was less than $50 million, and (ii) the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day per

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

TUPPERWARE BRANDS CORP received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

June 1, 2023, Tupperware Brands Corporation (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating the Company is not in compliance with Sections 802.01B and Section 802.01C of the NYSE Listed Company Manual because (i) the Company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported stockholders’ equity was less than $50 million, and (ii) the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day per

View on SEC.gov

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Source: SEC EDGAR

accession 0001008654-23-000054

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