RHE - Regional Health Properties receives NYSE notice for non-compliance

2023-07-07 05:54:03 ET

• Regional Health Properties ( NYSE: RHE ) received NYSE notice on June 29, 2023 that the company was not in compliance with the continued listing standard that requires a shareholders’ equity of $2M or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years.
• The company reported shareholders’ equity of ~$1.8M as of March 31, 2023, and has had losses from continuing operations and/or net losses in two of its three most recent fiscal years ended December 31, 2022.
• If the company does not make progress consistent with the plan, the company will be subject to delisting proceedings.

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