secwatch.observer — SEC 8-K summary
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Issuer:     ATI Physical Therapy, Inc. (—)
CIK:        0001815849
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001140361-23-032780
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1815849/000114036123032780/0001140361-23-032780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1815849/000114036123032780/brhc20055261_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-032780

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