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NYSE notifies Accendra Health of non-compliance with $50M market cap and equity listing standards
ACHAccendra Health Inc
The New York Stock Exchange notified Accendra Health that it failed to meet the continued listing standard requiring an average market capitalization of at least $50.0 million over 30 consecutive trading days and stockholders' equity of not less than $50.0 million. The notice does not trigger immediate delisting, but requires the company to submit a business plan within 45 calendar days demonstrating how it intends to regain compliance within 18 months. If accepted, the company will be subject to quarterly monitoring by the exchange. Accendra Health operates in the home healthcare sector, providing products and services for chronic conditions.