Equus Total Return receives NYSE notice for breaching $1 minimum share price rule
EQS•Equus Total Return received an NYSE deficiency notice on Oct. 6 after its average closing share price fell below $1 over 30 consecutive trading days. It has six months to regain compliance and plans to tell the NYSE by Oct. 20 how it intends to do so, potentially through a reverse stock split.
1. Six-month cure period
Equus Total Return said it received an NYSE deficiency notice on Oct. 6 for failing the $1 minimum average share price rule. Its listing remains intact during a six-month cure period, subject to meeting other continued listing standards. Compliance can be restored if the month-end closing price reaches at least $1 and the 30-day average also exceeds $1.
