LONDON–(BUSINESS WIRE)–Good Second Ltd. (the Firm) (NYSE American: PMNT), a luxurious, high-performance ski and life-style model that merges technical excellence with fashion-driven designs, has acquired a notification (Letter) from NYSE American LLC (the NYSE American) declaring that the Firm fails to fulfill the minimal capital necessities of sections 1003(a)(ii) of the NYSE American Firm Information (the Firm Information) requiring that shareholders’ fairness of 4.0 million {dollars} or extra if the Firm reported losses from persevering with operations and/or internet losses in three of the 4 most up-to-date fiscal years. As of September 30, 2024, the Firm had shareholders’ fairness of $2.7 million and had recorded losses throughout its final three monetary years ended March 31, 2024.
The Firm is now topic to the procedures and necessities of part 1009 of the Firm Information. The Firm has till January 10, 2025 to submit a plan (the Plan) of actions it has taken or will take to revive compliance with the continual itemizing requirements by June 11, 2026. The Firm intends to submit a plan to revive compliance with the NYSE American Itemizing Requirements. If the NYSE American accepts the plan, the Firm might proceed its itemizing in the course of the plan interval and might be topic to periodic evaluations, together with quarterly monitoring of compliance with the plan till it’s once more compliant. If the plan shouldn’t be accepted by NYSE American, the letter acknowledged that delisting proceedings can be initiated. The Firm might attraction a call to strike off employees in accordance with part 1010 and Half 12 of the Firm Information.
The letter has no quick impact on the itemizing or buying and selling of the Firm’s frequent inventory on the NYSE American. The Firm’s receipt of the NYSE American letter doesn’t have an effect on the Firm’s enterprise, operations or reporting necessities with the US Securities and Change Fee.
View supply model on businesswire.com: https://www.businesswire.com/information/residence/20241217113452/en/
Contact the corporate
Jeff Clayborne, Chief Monetary Officer
Good second
Tel +44 (0)204 558 8849
Contact by e-mail
Investor contact
Ronald each or Grant Stude
CMA Investor Relations
Such. (949) 432-7566
Contact by e-mail
Supply: Good Second Ltd.
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