Yiren Digital Receives NYSE Non-Compliance Notification Regarding Minimum Stock Price
Yiren Digital Ltd. (NYSE: YRD) has received a formal notification from the New York Stock Exchange stating that the company is not in compliance with continued listing standards. The violation stems from Section 802.01C of the NYSE Listed Company Manual, as the average closing price of its American depositary shares (ADSs) fell below $1.00 per ADS for a consecutive 30-trading-day period. The company has been granted a six-month cure period to regain compliance. To avoid potential suspension and delisting procedures, Yiren Digital must achieve both a closing price of at least $1.00 and a 30-day average closing price of at least $1.00 on the last trading day of any calendar month within this window. While the notification poses a risk to its NYSE listing status, it does not currently impact the company's business operations. Yiren Digital is monitoring its share price and considering measures to restore compliance while continuing its focus on AI-driven financial technology.
Topics: NYSE delisting warning regulatory notification stock price compliance
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