Equus Total Return receives NYSE notice for breaching $1 minimum share price rule
Bitget2026/10/13 20:58- Equus Total Return received an NYSE deficiency notice on Oct. 6 for failing the $1.00 minimum average share price rule.
- Non-compliance triggered by an average closing price below $1.00 over a consecutive 30-trading-day period.
- Listing remains intact during a six-month cure period, subject to meeting other NYSE continued listing standards.
- Company plans to tell the NYSE by Oct. 20 it intends to regain compliance, potentially including a reverse stock split.
- Compliance can be restored if month-end closing price reaches at least $1.00 and the 30-day average also exceeds $1.00.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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