New York-based 4Kids Entertainment has been notified by the New York Stock Exchange that it isn’t in compliance with one of its continued listing standards.
The company is considered below criteria as its total market capitalization was less than US$75 million over a 30-day trading period.
4Kids intends to submit a plan to the NYSE within the required 45-day period to demonstrate how it intends to comply with its continued listing standards. If the company’s average market capitalization falls below the US$15-million minimum threshold over 30 trading days, the plan and cure process otherwise available under NYSE rules would be pre-empted and suspension and delisting procedures would follow.
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