Golden Minerals Co (AUMN): Nasdaq/NYSE listing notice — Golden Minerals receives NYSE American plan acceptance to regain listing compliance by Dec 2024
Golden Minerals Co
NYSE American accepted compliance plan on Aug 22, 2023; company had equity of $4.1M (Mar 31) and $5.6M (Jun 30) vs $6M minimum.
Cure period granted until December 6, 2024 to satisfy Section 1003(a)(iii) of the NYSE American Company Guide.
Common stock (AUMN) will continue trading on NYSE American under periodic monitoring during the plan period.
Failure to make progress consistent with the plan or to regain compliance by Dec 2024 may result in delisting.
Golden Minerals Co received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(iii)).
Exchange
nyse american
Notice
deficiency notice
Deficiency
stockholders equity
Rules
1003(a)(iii)
Exact text from the filing
June 6, 2023 that the Company is not in compliance with Section 1003(a)(iii) of the NYSE American Company Guide (the “Company Guide”). The Company is required to report a stockholders’ equity of $6.0 million or more if the Company has reported losses from continuing operations and/or net losses in its five most recent fiscal years. The Company reported stockholders’ equity of $4.1 million as of March 31, 2023, and $5.6 million as of June 30, 2023, and losses from continuing operations and/or net losses in each of its five most recent fiscal years ended December 31, 2022. As a result, the Compa
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