regulatory
confidence high
sentiment negative
materiality 0.65
NYSE to delist Finance of America warrants over low selling price; company waives appeal
Finance of America Companies Inc.
- NYSE notified FOA on July 2, 2024, and publicly announced July 3, 2024, that it will delist FOA.WS warrants due to 'abnormally low selling price'.
- Trading in warrants suspended immediately; company will not appeal the NYSE determination.
- Delisting of warrants does not affect FOA common stock (symbol FOA) or the planned reverse stock split.
- Warrants are exercisable for one share of Class A common stock at $11.50 per share; no impact on business operations or SEC reporting.