regulatory
confidence high
sentiment negative
materiality 0.75
flyExclusive receives NYSE American delisting notice for late filing of Q1 2024 Form 10-Q
FLYEXCLUSIVE INC.
- Received NYSE American notice on May 21, 2024 for non-compliance with Section 1007 due to failure to timely file Form 10-Q for period ended March 31, 2024.
- Company has six months from May 20, 2024 to regain compliance by filing the Form 10-Q; NYSE may grant an additional six-month extension.
- Common stock and warrants remain listed under symbols FLYX and FLYXWS with a "LF" late-filing indicator.
- Company expects to file the Form 10-Q in the next few weeks, citing being a newly public company and taxable corporation since December 2023.
- NYSE may commence delisting proceedings at any time if it deems continued listing inadvisable.