Sequans gets NYSE non-compliance notice over market cap, equity below USD 50 million - SQNS News | RalliesSequans gets NYSE non-compliance notice over market cap, equity below USD 50 million
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SQNS• NYSE non-compliance notice on continued-listing standards
- Sequans received an NYSE non-compliance notice on Sept. 14 over continued-listing market capitalization rules under Section 802.01B.
- NYSE flagged a 30-trading-day average global market cap below $50 million alongside stockholders’ equity below $50 million.
- The notice does not trigger immediate delisting of Sequans’ ADSs.
- The company has 90 days to submit a plan to regain compliance within a 9-month cure period.
- NYSE will decide within 45 days of receiving the plan whether continued listing can continue during the cure period.
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