Optimum Communications, Inc. (NYSE: OPTU) at this time introduced that on August 13, 2026, it obtained a discover (the “Discover”) from the New York Inventory Trade (the “NYSE”) indicating the Firm isn’t in compliance with Part 802.01C of the NYSE Listed Firm Handbook as a result of the common closing worth of the Firm’s Class A typical inventory was lower than $1.00 over a consecutive 30 trading-day interval (the “Worth Standards”).
The Discover has no fast impact on the itemizing of the Firm’s Class A typical inventory, topic to the Firm’s compliance with the NYSE’s different continued itemizing necessities. The Discover additionally doesn’t have an effect on the Firm’s enterprise operations or its reporting obligations with the Securities and Trade Fee.
Pursuant to Part 802.01C, the Firm has a interval of six months following the receipt of the Discover to regain compliance with the minimal share worth requirement. The Firm might regain compliance at any time through the six-month remedy interval if on the final buying and selling day of any calendar month through the six-month remedy interval the Class A typical inventory has a closing worth of at the least $1.00 and a median closing worth of at the least $1.00 over the 30 trading-day interval ending on the final buying and selling day of that month.
If the Firm is unable to regain compliance with the Worth Standards rule inside this era, the NYSE will provoke procedures to droop and delist the Class A typical inventory. Nonetheless, if the Firm determines that it’s going to remedy the worth situation by taking an motion that may require stockholder approval, the Firm should so inform the NYSE, should get hold of stockholder approval no later than its subsequent annual assembly, and should implement the motion promptly thereafter.
The Firm intends to watch the worth of its Class A typical inventory between now and February 13, 2027. If the Firm’s Class A typical inventory doesn’t commerce at a stage that’s more likely to regain compliance with the Worth Standards rule, the Firm’s board of administrators will think about different choices accessible to attain compliance.
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