VirnetX receives NYSE delisting notice; avg market cap $23.9M, equity $48.8M

VirnetX Holding Corp

Received NYSE non-compliance notice on Aug 28, 2024 for failing minimum market cap standard (30-day avg market cap ~$23.9M, equity $48.8M).
Must submit a compliance plan within 45 days; NYSE has 45 days to evaluate; cure period up to 18 months.
Stock continues trading on NYSE during cure period subject to NYSE acceptance of plan.
Company considering all options to regain compliance but no assurances; risk of suspension and delisting.

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