regulatory
confidence high
sentiment negative
materiality 0.70
FOXO TECHNOLOGIES INC. (FOXO): Nasdaq/NYSE listing notice — FOXO Technologies receives NYSE American delisting notice over stockholders' deficit of $(30,000)
FOXO TECHNOLOGIES INC.
- Received NYSE American noncompliance notice for stockholders' deficit of $(30,000) as of March 31, 2023 and net losses in two recent fiscal years.
- Must submit a compliance plan by July 12, 2023; if accepted, cure period extends to December 12, 2024 with quarterly monitoring.
- No immediate effect on listing or trading of FOXO common stock on NYSE American; Company evaluating options but no assurance of regaining compliance.
- Section 1003(a)(i) requires stockholders' equity of $2M+ for companies with losses in two of three most recent fiscal years.