Loop Media reported that it received notification from NYSE Regulation of the NYSE American that it had suspended trading of the company’s common stock and of its determination to commence delisting proceedings of the company’s common stock from the exchange pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the company’s common stock. The Company has a right to appeal the determination to the Exchange’s Listing Qualifications Panel, although there can be no assurance that any such appeal will be successful.
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