American Strategic Investment Co. (NYSE: NYC) received a written notice from the New York Stock Exchange regarding its non-compliance with listing standards.
The Company's market capitalization and stockholders' equity fell below the NYSE requirements.
A business plan submission is required within 45 days to demonstrate compliance with the NYSE Manual.
Notice Received
Received written notice from the NYSE regarding non-compliance with listing standards.
Market Capitalization
Company's 30-trading day average market capitalization: $34.3 million.
Stockholders' Equity
Reported stockholders' equity as of June 30, 2025: $35.5 million.
Business Plan Submission
Must submit a plan within 45 days to show compliance within 18 months.
Impact on Trading
No immediate effect on the listing and trading of the Company's Class A common stock on NYSE.
- The Company's non-compliance with listing standards raises concerns about its financial health and future prospects.
- Submission of a comprehensive business plan is crucial to address the NYSE's requirements and maintain listing.
- Failure to comply with NYSE continued listing rules could lead to suspension and delisting proceedings.
American Strategic Investment Co. faces challenges in meeting NYSE listing standards but continues to operate without immediate impact on its stock.