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A. H. Belo Corporation announced in a Form 8-K filed on October 30, 2020, that it was notified by the New York Stock Exchange that it is not in compliance with the exchange’s continued listing standard for total market capitalization and shareholders’ equity. NYSE continued listing standards require the Company to maintain an average market capitalization of more than $50 million over a 30 trading-day period if, at the same time, its stockholders’ equity is less than $50 million.
The Company is below the criteria for continued listing because as of October 28, 2020, its average market capitalization was less than $50 million over a consecutive 30 trading-day period and stockholders’ equity in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) was $49.8 million.
In accordance with NYSE procedures, the Company has 45 days to submit a plan to the NYSE demonstrating how it intends to comply with the NYSE’s continued listing standards within 18 months of receipt of the notice
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