Altisource Asset Management Corp: Nasdaq/NYSE listing notice — AAMC receives NYSE delisting notice for non-compliance; intends to appeal

Altisource Asset Management Corp

NYSE Regulation determined AAMC no longer qualified for listing under Sections 1003(a)(i)–(iii) of the NYSE American Company Guide.
The Company has 7 calendar days from November 30, 2023 Notice to file a written appeal request.
Board of Directors intends to appeal the delisting determination to the Listings Qualifications Panel.
Outcome of appeal uncertain; delisting or continued trading announcement will follow Panel decision.
AAMC common stock trades on NYSE American under ticker AAMC.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.92

Altisource Asset Management Corp received a nyse_american delisting notice notice regarding stockholders equity (rules 1009(a), 1003(a)(i), 1003(a)(ii), 1003(a)(iii)).

Exchange: nyse american
Notice: delisting notice
Deficiency: stockholders equity
Rules: 1009(a), 1003(a)(i), 1003(a)(ii), 1003(a)(iii)

Exact text from the filing

November 30, 2023, Altisource Asset Management Corporation (the “Company”) received a written notice (the “Notice”) from the New York Stock Exchange (“NYSE” or the “Exchange”) that the NYSE would delist the Company’s shares of common stock (the “Securities”) from the Exchange. NYSE Regulation staff has determined that the Company is no longer qualified for listing pursuant to Section 1009(a) of the NYSE American Company Guide, citing non-compliance with Sections 1003(a)(i), (ii) and (iii) thereof. The Company has a right to appeal this determination, provided that it files a written request fo

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Source: SEC EDGAR

accession 0001555074-23-000044

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