DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, has announced that on September 17, 2019, the NYSE American LLC (“NYSE American”) notified DPW that the company has successfully regained compliance with the NYSE American´s continued listing standards related to price per share set forth in Section 1003(f)(v) of the NYSE American company Guide (the “company Guide”), the company said.
As previously disclosed, on each of January 4, 2019, July 3, 2019 and July 29, 2019, the company received a letter (collectively, the “Deficiency Letter”) from the NYSE American stating that the company was not in compliance with the continued listing standards set forth in Section 1003(f)(v) of the company Guide as a result of the then-existing low trading price of the company´s common stock.
As set forth in the Deficiency Letter, the continued listing of the company´s common stock on the NYSE American was predicated on the company demonstrating sustained price improvement within a reasonable period of time and, as most recently stated by the NYSE Exchange in the Deficiency Letter dated July 29, 2019, conducting a reverse stock split of its shares of common stock by no later than August 6, 2019.
As a result of management´s efforts to regain compliance, the NYSE American has informed the company that it is now in full compliance with the NYSE American´s continued listing standards set forth in Part 10 of the company Guide and that the “.BC” designation was removed from the “DPW” trading symbol effective as of the commencement of trading on September 18, 2019. In addition, the company was removed from the list of NYSE American noncompliant issuers on the exchange´s website.
DPW Holdings is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly owned subsidiaries and strategic investments, the company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles.