Market regulation · 23/01/2025

NYSE American LLC Approves Rule Change to Impose Delisting Penalties on Companies with Excessive Reverse Stock Splits

NYSE American LLC has approved a proposed rule change to amend its Company Guide, which will result in the suspension and delisting of companies that have effected one or more reverse stock splits with a cumulative ratio of 200 shares or more to one over the prior two-year period or have effectuated a reverse stock split that results in their security falling below the continued listing requirements.