Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
Pursuant to the NYSE's customary procedures, the Company has 45 calendar days from receipt of the Notice to submit a business plan (the "Plan") to the NYSE demonstrating how it intends to regain compliance with the NYSE's continuing listing standards. The Company currently intends to develop and submit a Plan to the NYSE within the required time frame.
If the NYSE accepts the Plan, the Company's shares will continue to trade on the
NYSE and the Company will be subject to quarterly monitoring by the NYSE for
compliance with the Plan. If the NYSE rejects the Plan, however, the Company
will be subject to suspension by the NYSE and delisting from the NYSE by the
Item 7.01 Regulation FD Disclosure.
On
The information in Item 7.01 of this Current Report on Form 8-K, including the attached Exhibit 99.1, is being "furnished" pursuant to General Instruction B.2 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
This Current Report on Form 8-K contains certain "forward-looking statements." All statements, other than statements of historical facts, included in this Current Report on Form 8-K that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements. These statements are based on certain assumptions made by the Company based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits Exhibit Number Description 99.1* Press release datedJanuary 20, 2023 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Furnished herewith.
© Edgar Online, source