New York Stock Exchange Warns RadioShack
RadioShack said Thursday that it has received a "a continued listing standards notice" from the New York Stock Exchange. The listing came because, according to rules, "average market capitalization of the Company was less than $50 million over a period of 30 consecutive trading days and stockholders' equity of the Company was below $50 million."
According to the announcement:
RadioShack's common stock continues to trade on the NYSE. Under NYSE rules, the Company has 45 days following receipt of the notification to provide the NYSE with a business plan that demonstrates the Company's ability to regain compliance within 18 months. If the Company submits a business plan, the Listings and Compliance Committee of the NYSE will either accept the business plan or if the Committee does not accept the business plan the Company will be subject to suspension by the NYSE and delisting.