---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-305997"
form_type: "8-K"
ticker: null
cik: "0001800682"
company_name: "Cano Health, Inc."
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T05:59:18.205519+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NYSE notifies Cano Health of non-compliance; targets $290M cost cuts by 2024

## Summary
- NYSE notice due to market cap averaging ~$44M over 30 days and stockholders' deficit of ~$259.1M.
- Company has 10 business days to respond and 45 days to submit a cure plan within an 18-month window.
- Accelerates Transformation Plan to achieve ~$290M in cost reductions by end 2024, up from $65M previously.
- Expects ~$30M in pre-tax charges in 2024 for lease exit costs and employee termination benefits.
- Also exploring strategic alternatives including a potential sale of the company or its assets.

## SEC filing metadata
- accession: 0001193125-23-305997
- form_type: 8-K
- cik: 0001800682
- company_name: Cano Health, Inc.
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800682/000119312523305997/0001193125-23-305997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800682/000119312523305997/d45789d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-305997
- JSON: https://secwatch.observer/filing/0001193125-23-305997.json
- Plain text: https://secwatch.observer/filing/0001193125-23-305997.txt

## Key facts
- Listing & Compliance Notices
  Cano Health, 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: December 22, 2023, the New York Stock Exchange (the “ NYSE ”) notified (the “ Notice ”) Cano Health, Inc. (the “ Company ”) that that it is not in compliance with Section 802.01B of the NYSE Listed Company Manual (the “ Listing Rule ”) because the Company’s total market capitalization has been less than $50 million over a 30 trading-day period and its stockholders’ equity is less than $50 million. As described in the Notice, as of December 21, 2023, the Company’s 30 trading-day average market capitalization was approximately $44.0 million and its last reported stockholders’ deficit as of Septe
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800682/000119312523305997/0001193125-23-305997-index.htm

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