DelistingJul 1, 2026, 06:11 AM
InnSuites Hospitality Trust Receives NYSE American Delisting Notice
AI Summary
InnSuites Hospitality Trust received a notice from NYSE American on June 24, 2026, indicating non-compliance with continued listing standards due to a stockholders' deficit of approximately $(921,921) and losses in two of its three most recent fiscal years. The notice has no immediate effect on trading, but the Trust must submit a compliance plan by July 24, 2026, and regain compliance by December 24, 2027. The company is evaluating various actions, including equity conversions and capital-raising, to address the deficiency, but there is no assurance of success.
Key Highlights
- Received NYSE American notice on June 24, 2026, for non-compliance with listing standards.
- Reported stockholders' deficit of approximately $(921,921) as of April 30, 2026.
- Reported losses from continuing operations in two of its three most recent fiscal years.
- Required to submit a compliance plan to NYSE American by July 24, 2026.
- Must regain compliance with listing standards by December 24, 2027.
- Evaluating actions including converting RRF LLLP units and related-party debt to equity, and capital-raising.
- NYSE American will add a ".BC" indicator to the Trust's ticker symbol.
- Consolidated Net Income before non-cash expenses was $307,326 for Q1 FY2027.
Price Impact
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