Finance of America Faces NYSE Compliance Challenge

Finance of America Companies (FOA) has released an update.

Finance of America has been notified by the NYSE that it’s not meeting the minimum average closing share price requirement of $1.00 over a 30-day period, but this doesn’t immediately affect its listing or operations. The company aims to resolve the issue within the six-month grace period provided by the NYSE. It has communicated its intention to regain compliance and is exploring all options to maintain its listing status. This development, although significant, is not expected to impact Finance of America’s business activities or SEC reporting obligations.

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