Capital Senior Living Corporation Addresses NYSE Continued Listing Criteria
Capital Senior Living Corporation (CSU)
Last capital senior living corporation earnings: 11/7 05:00 am
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US:NYSE Investor Relations:
capitalsenior.com/investor-relations
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Source: GlobeNewswire
DALLAS, April 16, 2020 (GLOBE NEWSWIRE) -- Capital Senior Living Corporation (the “Company”) (NYSE: CSU), one of the nation’s largest operators of senior housing communities, announced today that on April 10, 2020, it received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company is no longer in compliance with NYSE continued listing standards set forth in Section 802.01B (the “Minimum Market Capitalization Standard”) and Section 802.01C (the “Minimum Stock Price Standard”) of the NYSE’s Listed Company Manual due to the fact that (i) the Company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its stockholders’ equity was less than $50 million, and (ii) the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The Notice has no immediate impact on the listing of the Company’s common stock, which will continue to
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