REGIONAL HEALTH PROPERTIES, INC (RHEP): Nasdaq/NYSE listing notice — NYSE American accepts Regional Health Properties' compliance plan; shares trade with .BC designation

REGIONAL HEALTH PROPERTIES, INC

NYSE American accepted the plan submitted on June 9, 2023 to regain compliance by November 10, 2024.
Company was non-compliant with shareholder equity requirements: $4.0M (Section 1003(a)(ii)) and $2.0M (Section 1003(a)(i)).
Common stock (RHE) and Series A preferred (RHE-PA) will continue trading with ".BC" designation.
If compliance is not achieved or progress is insufficient by Nov 10, 2024, delisting procedures may commence.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

REGIONAL HEALTH PROPERTIES, INC received a nyse_american extension granted notice regarding stockholders equity (rules 1003(a)(i), 1003(a)(ii)).

Exchange: nyse american
Notice: extension granted
Deficiency: stockholders equity
Rules: 1003(a)(i), 1003(a)(ii)

Exact text from the filing

August 1, 2023, the Company received a letter (the “ Acceptance Letter ”) from the NYSE American notifying the Company that the Plan was accepted. The NYSE American has granted the Company a plan period through November 10, 2024 to regain compliance with the continued listing standards. If the Company is not in compliance with the continued listing standards by that date or if the Company does not make progress consistent with the Plan during the plan period, the NYSE American may commence delisting procedures. The Company’s common stock, no par value per share (the “ Common Stock ”), and Seri

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REGIONAL HEALTH PROPERTIES, INC filing history →

Source: SEC EDGAR

accession 0001493152-23-027015

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