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

Finance of America Companies Inc.

As of Feb 9, 2024, 30-day average closing price of Class A Common Stock (FOA) fell below $1.00 threshold.
NYSE notice received Feb 12, 2024; company has six-month cure period to regain compliance.
No immediate impact on NYSE listing or business operations; company plans to notify NYSE within 10 business days.
Finance of America is evaluating options to cure the price condition, including potential shareholder-approved actions.

Key facts

Extracted from this filing and checked against the source text.

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

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

February 12, 2024, 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 February 9, 2024, 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 Noti

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Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001828937-24-000007

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