Luby's Receives Continued Listing Standard Notice from the NYSE
Luby's, Inc. (LUB)
US:NYSE Investor Relations:
lubysinc.com/investors
Company Research
Source: PR Newswire
HOUSTON, April 23, 2020 /PRNewswire/ -- Luby's, Inc. (NYSE: LUB) ("Luby's" or the "Company"), today announced that on April 20, 2020, it received notice from the New York Stock Exchange ("NYSE") that the Company is no longer in compliance with NYSE continued listing standards, which require the average closing price of the Company's common stock to be at least $1.00 per share over a period of 30 consecutive trading days.The Company plans to notify the NYSE of its intent to cure the deficiency and return to compliance with the NYSE continued listing requirements within the six-month cure period. Under NYSE rules, Luby's can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the cure period, Luby's common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or on the last day of the cure period.T
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