Finance of America Companies Inc. (FOA): Nasdaq/NYSE listing notice — Finance of America receives NYSE non-compliance notice for share price below $1.00

Finance of America Companies Inc.

NYSE notified FOA on Dec 12, 2023 that average closing price was below $1.00 over 30 consecutive trading days as of Dec 11, 2023.
Company has a six-month cure period to regain compliance; no immediate effect on NYSE listing.
FOA plans to notify NYSE within 10 business days of intent to cure and is evaluating options.
Notice does not impact ongoing business operations or SEC reporting requirements.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Finance of America Companies Inc. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

December 12, 2023, Finance of America Companies Inc. (“Finance of America” or the “Company”) received a notice (the “Notice”) from the NYSE, indicating the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because as of December 11, 2023, the average closing price of the Company’s Class A Common Stock was less than $1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Class A Common Stock on the NYSE, subject to the Company’s compliance with the NYSE’s other continued listing requirements. Furthermore, the Not

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Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001828937-23-000126

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