Regional Health Properties Faces NYSE American Delisting Notice, Plans Appeal

2 min read | November 11, 2024 10:19 PM PST | By Team Kalkine Media

Google News:

Regional Health Properties Faces NYSE American Delisting Notice, Plans Appeal — Image source: Shutterstock

Recent News

JPMorgan (NYSE:JPM) Leads Quiet Rotation In Financial Value Stocks

Exxon Mobil (NYSE:XOM) In Focus: What’s Catching Market Attention?

UnitedHealth (NYSE:UNH) Leads Healthcare Value Watch

Duke Energy (NYSE:DUK) Dividends Face A Key Market Test

Make Kalkine Media
My Trusted Source

Headlines

Regional Health Properties (RHE) has received a notice from NYSE American regarding delisting.

The company has been given the option to appeal this decision, with the process set to continue.

Despite this notice, RHE intends to keep its securities trading on NYSE American during the appeal period.

Regional Health Properties (NYSE:RHE) recently announced it had received a delisting notice from NYSE American on November 11, 2024. The notification indicated that NYSE Regulation had started proceedings to remove the company’s common stock and Series A Redeemable Preferred Shares from the exchange. The delisting determination was based on the company’s failure to regain compliance with the NYSE American Company Guide’s listing standards, specifically Sections 1003(a)(i) and (ii), by the end of the allotted compliance period.

The company was unable to demonstrate that it had met these requirements by the expiration of the 18-month compliance plan on November 10, 2024. Under these circumstances, NYSE Regulation determined that RHE no longer met the necessary qualifications for listing.

However, Regional Health Properties has the right to request a review of the decision. This review will be conducted by the Listings Qualifications Panel, part of the Committee for Review of the NYSE American Board of Directors. RHE has until November 18, 2024, to file an appeal, and the company has expressed its intent to contest the delisting decision.

As part of the appeal process, RHE’s securities will continue trading on NYSE American while the matter is under review. The company remains committed to resolving the issue and maintaining its listing status on the exchange during this period.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.