DelistingJul 30, 2026, 05:11 PM
Lument Finance Trust Receives NYSE Delisting Warning
AI Summary
Lument Finance Trust, Inc. announced it received a notice from the New York Stock Exchange (NYSE) on July 24, 2026, indicating non-compliance with the minimum share price requirement. The company's common stock traded below an average closing price of $1.00 for 30 consecutive trading days. This notice is a deficiency warning, not an immediate delisting, and the company has a six-month cure period, until January 24, 2027, to regain compliance. Lument Finance Trust is exploring various options, including a potential reverse stock split, to address the issue.
Key Highlights
- Lument Finance Trust received a notice from the NYSE on July 24, 2026.
- The company is not in compliance with NYSE Section 802.01C due to its common stock averaging below $1.00 for 30 consecutive trading days.
- This is a notice of deficiency, not an immediate delisting, and does not currently impact trading.
- The company has a six-month cure period, ending January 24, 2027, to regain compliance.
- Compliance can be regained if the stock closes at or above $1.00 and averages $1.00 over 30 days during the cure period.
- Lument Finance Trust is considering alternatives, including a reverse stock split, to regain compliance.
Price Impact
More from LFT