---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-032780"
form_type: "8-K"
ticker: null
cik: "0001815849"
company_name: "ATI Physical Therapy, Inc."
filed_at: "2023-07-03T23:59:59+00:00"
generated_at: "2026-06-13T13:22:29.924518+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ATI Physical Therapy receives NYSE delisting notice for market cap and equity below $50M thresholds

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-032780
- form_type: 8-K
- cik: 0001815849
- company_name: ATI Physical Therapy, Inc.
- filed_at: 2023-07-03T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1815849/000114036123032780/0001140361-23-032780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1815849/000114036123032780/brhc20055261_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-032780
- JSON: https://secwatch.observer/filing/0001140361-23-032780.json
- Plain text: https://secwatch.observer/filing/0001140361-23-032780.txt

## Key facts
- Listing & Compliance Notices
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1815849/000114036123032780/0001140361-23-032780-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.