Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
In accordance with the NYSE Listed Company Manual, the Company intends to notify
the NYSE of its intent to cure the stock price deficiency and return to
compliance with the NYSE continued listing standards. The Company can regain
compliance at any time within the six-month period following receipt of the NYSE
notice if on the last trading day of any calendar month during such cure period
the Company has a closing share price of at least
The Company's common stock will continue to be listed and trade on the NYSE during the six-month cure period, subject to the Company's compliance with other NYSE continued listing standards.
Item 7.01 Regulation FD Disclosure.
As required by Section 802.01C of the NYSE Listed Company Manual, the Company
issued a press release on
The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Cautionary Note Regarding Forward Looking Statements
This Current Report on Form 8-K includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act and Section 21E of the Exchange
Act. Forward-looking statements generally relate to future events, such as any
potential plans of the Company to cure the stock price deficiency, including by
action that would require a stockholder vote. In some cases, you can identify
forward-looking statements by terminology such as "intends," "plans," and
"will," or the negative of these terms or variations of them or similar
terminology. Such forward-looking statements are subject to risks,
uncertainties, and other factors which could cause actual results to differ
materially from those expressed or implied by such forward-looking statements.
We have based these forward-looking statements on our current expectations and
assumptions and analyses made by us in light of our experience and our
perception of historical trends, current conditions and expected future
developments, as well as other factors we believe are appropriate under the
circumstances. However, whether actual results and developments will conform
with our expectations and predictions is subject to a number of risks and
uncertainties, many of which are beyond our control, including the Company's
ability to regain compliance with the continued listing standards of the NYSE
within the applicable cure period, the Company's ability to continue to comply
with applicable listing standards of the NYSE, and the other factors under the
heading "Risk Factors" in our Annual Report on Form 10-K for the year ended
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated March 3 , 2023 104 Cover Page Interactive Data File (formatted as inline XBRL)
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