2023-05-09 10:45:44 ET
- Gravitas Education Holdings ( NYSE: GEHI ) has received a letter from the NYSE notifying the Company that it is below compliance standards as the Company's total market capitalization is less than US$50 million over a 30 trading-day period and its stockholders' equity is less than US$50 million.
- The company is required to respond within 90 days of the letter with a business plan.
- The business plan will be reviewed for final disposition by the Listings Operations Committee of the NYSE.
- To address this issue, the Company intends to comply with the applicable procedures and is considering its options to regain compliance.
- GEHI is +9.6% to $16.004
- Source: Press Release
For further details see:
GEHI announces receipt of NYSE non-compliance letter