regulatory
confidence high
sentiment negative
materiality 0.75
China Pharma (CPHI) gets NYSE American deficiency notice; avg price below $0.20, must cure by March 2023
CHINA PHARMA HOLDINGS, INC.
- Average stock price below $0.20 over 30 days as of Sept 22, 2022 triggers continued listing noncompliance.
- NYSE American requires reverse stock split or sustained price improvement by March 26, 2023 to maintain listing.
- Company also subject to prior stockholders' equity noncompliance letter from June 2022.
- Stock continues trading on NYSE American while company pursues compliance measures.