© Reuters.
NEW YORK – Cano Health, Inc. has been notified by NYSE Regulation Inc. that it is not in compliance with the continued listing standards of the New York Stock Exchange. The healthcare company’s market capitalization remained below the required threshold of $50 million for more than thirty trading sessions. The company therefore risks being delisted if it fails to re-comply with the requirements of the New York Stock Exchange.
Cano Health, which operates primary care centers and supports affiliated medical practices, must now address this market capitalization gap.
NYSE Listing Rule 802.01B states that listed companies must maintain a minimum market capitalization of $50 million. Falling below this threshold for an extended period triggers a notice of non-compliance.
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2023-12-29 22:08:00
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