Extends Temporary Lowering of Average Global Market Cap. Standard to $15mln to June 30
Temporarily Suspends its $1 Minimum Price Requirement
“The overall market downturn has only deepened since we first enacted the easing of our market-capitalization standard on Jan. 23, causing an even larger number of stocks to fall below our requirements,” said Scott R. Cutler, EVP and Head of Listings for the
Specifically, the NYSE is addressing two continued-listing requirements:
While the Exchange’s filing submitted to the U.S. Securities and Exchange Commission (SEC) in connection with the adoption of this rule change is immediately effective, it is subject to a 30-day operative delay under SEC rules. The Exchange has asked the SEC to waive the operative delay and expects the SEC to take prompt action to effectuate that waiver.
Please click on the following link for the NYSE rule filing:
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See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting