regulatory
confidence high
sentiment negative
materiality 0.70
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN): Nasdaq/NYSE listing notice — NEN receives NYSE American noncompliance notice due to delayed 10-Q from ransomware
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
- Received NYSE American notice on Nov 15, 2022 for failure to timely file Q3 2022 Form 10-Q.
- Noncompliance stems from ransomware incident at property manager Hamilton, reported Oct 11, 2022.
- No immediate effect on listing or trading; six-month cure period ends May 15, 2023.
- If not cured by May 15, NYSE may extend another six months or initiate delisting.
- Company expects to file delayed report before cure period expiration.