RegulatoryOct 30, 2026, 06:17 AM
Studio City Receives NYSE Notice for Minimum Share Price Non-Compliance
AI Summary
Studio City International Holdings Limited has received a notice from the New York Stock Exchange (NYSE) indicating that the company is not currently in compliance with continued listing requirements. Specifically, the average closing price of its American Depositary Shares (ADSs) has fallen below $1.00 for a consecutive 30 trading-day period. The company has a six-month period, ending April 27, 2027, to regain compliance by ensuring its ADSs average above $1.00 for 30 consecutive trading days or meet specific closing price conditions on calendar month-end trading days. The notice has no immediate effect on the listing or business operations.
Key Highlights
- Studio City received a notice from the NYSE for non-compliance with minimum share price requirements.
- The company's average ADS closing price was below $1.00 for 30 consecutive trading days.
- Studio City has a six-month period, until April 27, 2027, to regain compliance.
- Compliance can be achieved if the average ADS closing price exceeds $1.00 for 30 consecutive trading days.
- Alternatively, compliance can be met if the closing price is at least $1.00 on the last trading day of any month during the cure period, with a 30-day average also above $1.00.
Price Impact
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