Lanvin Group Receives NYSE Non-Compliance Notice Regarding Minimum Share Price
Lanvin Group Holdings Limited (NYSE: LANV) has received a formal notice from the New York Stock Exchange stating that it is not in compliance with continued listing standards. The deficiency stems from the company's failure to maintain a minimum average closing price of US$1.00 per share over a consecutive 30-trading-day period. The company has notified the NYSE of its intent to cure this deficiency and has been granted a six-month window to regain compliance. To address the low stock price, Lanvin Group is considering several alternatives, including a potential reverse stock split, which would require shareholder approval.
Tickers: $LANV
Topics: compliance notice NYSE listing requirements reverse stock split stock price deficiency