Lument Finance Trust Not in Compliance With NYSE Minimum Share Price Requirement
Lument Finance Trust (NYSE: LFT) has received a notice from the New York Stock Exchange stating that it is not compliant with Section 802.01C of the NYSE Listed Company Manual due to its common stock's average closing price falling below $1.00 over a consecutive 30 trading-day period. The company emphasized that this is a notice of deficiency and does not currently result in delisting or impact ongoing trading on the NYSE. LFT has six months, until January 24, 2027, to regain compliance by achieving an average closing price of at least $1.00 over any consecutive 30-day period ending on a calendar month's last day. The company is considering potential actions such as a reverse stock split but has not yet committed to a specific course of action. LFT remains listed and traded on the NYSE during this cure period, provided it continues meeting other listing standards.
Topics: NYSE compliance reverse stock split stock price deficiency