ATI Physical Therapy, Inc.: Nasdaq/NYSE listing notice — ATI Physical Therapy receives NYSE delisting notice for market cap and equity below $50M thresholds

ATI Physical Therapy, Inc.

NYSE notified ATIP on June 28, 2023 that 30-day avg market cap was ~$41M and stockholders' equity was ~$20.5M as of March 31, 2023, both below $50M.
Company must submit a business plan within 45 days to NYSE; if accepted, it has 18 months to regain compliance.
Shares will trade with '.BC' designation and remain listed during cure period, subject to NYSE approval of plan.
ATIP also still non-compliant with $1.00 average price standard from Nov 2022; believes reverse stock split effective June 15, 2023 addresses that.

item 3.01 item 7.01 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

ATI Physical Therapy, Inc. received a nyse deficiency notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: deficiency notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

June 28, 2023 written notice, the NYSE advised the Company that it remains subject to the conditions set forth in the NYSE’s November 18, 2022 letter regarding noncompliance with the $1.00 over a 30 trading-day average price standard. The Company believes that it is in the process of regaining such compliance as a result of its previously announced reverse stock split effective June 15, 2023.

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001140361-23-032780

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.