American Strategic Investment Co. (NYSE: NYC) announced that the NYSE has accepted the Company's plan to regain compliance with listing standards.
The company received a notice of non-compliance from NYSE and has until February 26, 2027, to meet the standards.
ASIC owns a commercial real estate portfolio in New York City.
Listing Compliance Plan Accepted
NYSE accepted ASIC's plan to regain compliance with listing standards.
Compliance Deadline
ASIC has until February 26, 2027, to meet the continued listing standards.
Portfolio Description
ASIC owns commercial real estate in NYC.
- The acceptance of the compliance plan by NYSE provides ASIC with a timeframe to rectify its standing.
- The company's ability to regain compliance will impact its stock performance and investor confidence.
The NYSE's acceptance of ASIC's plan is a positive development for the company, allowing it time to align with listing standards and reassure shareholders.