FOXO Technologies has regained compliance with the New York Stock Exchange (NYSE) listing standards. The company has received confirmation from the NYSE that it has cleared the outstanding fees and is now in compliance with the exchange's listing standards.
This resolution removes the risk of delisting the company previously faced due to non-compliance.
Analyst QuickTake: The notice from NYSE, issued on June 10, 2024, stated that FOXO Technologies had an outstanding balance of listing fees that had been overdue for more than 180 days. According to Section 1003(f)(iv) of the NYSE American Company Guide, timely payment of listing fees is mandatory, and the company was given until June 7, 2024, to resolve the overdue balance or face non-compliance actions.
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