- DDC Enterprise (NYSE:DDC) on Friday said it received notice from NYSE American that the company currently is below the exchange’s continued listing standards, which requires DDC to have stockholders’ equity of $2M or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years.
- The exchange staff also determined that the company is also not currently eligible for any exemption in Section 1003(a) and requested that the company submit a plan of compliance by May 23.
- If the company does not submit the plan or if the plan is not accepted, the company will be subject to delisting procedures.
- Source: Press Release
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