regulatory
confidence high
sentiment negative
materiality 0.75
Charah Solutions, Inc.: Nasdaq/NYSE listing notice — Charah Solutions receives NYSE delisting notice for market cap and equity below $50M
Charah Solutions, Inc.
- NYSE notified Charah that total market cap < $50M over 30 days and stockholders' equity < $50M.
- Company has 45 days to submit a business plan to regain compliance within 18 months.
- Prior NYSE note of average price noncompliance; Dec 29 reverse stock split completed.
- Listing noncompliance does not affect operations or SEC reporting.
- If plan rejected, company may face suspension and delisting; intends to seek alternate exchange.