Power reit receives notice resolving nyse american listing standards deficiency

Old bethpage, new york, sept. 26, 2024 (globe newswire) -- power reit (nyse-amex: pw and pw.pra) (“power reit” or the “trust”), today announced that it received a notice from the nyse american llc rescinding its letter dated september 3, 2024 (the “deficiency letter”). as previously disclosed, the deficiency letter stated that the trust was not in compliance with the continued listing standards of the exchange because the trust was below compliance with section 1003(a)(i) of the nyse american company guide (the “company guide”), requiring stockholders' equity of $2.0 million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years.
PW Ratings Summary
PW Quant Ranking