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NYSE notifies Studio City of non-compliance with the $1.00 minimum bid price
MSCSTUDIO CITY INTERNATIONAL Holdings Ltd
The New York Exchange notified Studio City International Holdings Limited that its American depositary shares failed to maintain a minimum average closing price of US$1.00 over a consecutive 30-trading-day period, triggering a notice under Section 802.01C of the NYSE Listed Company Manual. The company has six months, until April 27, 2027, to regain compliance by maintaining an average price above $1.00 or achieving specific closing price thresholds on the last trading day of any calendar month during the cure period. The notice does not immediately affect the listing status or business operations of the company. Studio City International Holdings Limited operates a world-class integrated resort in Cotai, Macau.