regulatory
confidence high
sentiment negative
materiality 0.75
loanDepot flagged by NYSE for share price below $1.00; plans to cure
loanDepot, Inc.
- On Aug 21, 2026, NYSE notified loanDepot average closing price was below $1.00 over 30 consecutive trading days.
- No immediate impact on listing; six-month cure period to regain compliance with $1.00 minimum price.
- CEO cites last quarter: unit volume +25%, revenue +18%, purchase market share +33%.
- May consider reverse stock split, subject to shareholder approval at June 2027 annual meeting.
- Company will notify NYSE of intent to cure within 10 business days.