IT Tech Packaging, Inc. Announces Receipt of Notice of Non-Compliance with NYSE Continued Listing Requirements
Rhea-AI Summary
IT Tech Packaging (NYSE American: ITP) received a notice of noncompliance from NYSE Regulation for failing to timely file its Form 10-K for year ended December 31, 2025 by the April 15, 2026 deadline. The NYSE American Notice does not immediately affect trading.
The company cited inability to finalize financial results and said it intends to file the Delinquent Report within the six-month cure period and to regain compliance, but there is no assurance compliance will be restored.
Positive
- NYSE provides an Initial Cure Period of up to six months
- Company intends to file the Delinquent Report as soon as practicable
Negative
- Failed to file Form 10-K for year ended December 31, 2025 by April 15, 2026
- Risk of suspension and delisting if delinquency is not cured within cure periods
- Delay due to inability to finalize financial results and disclosures
News Market Reaction – ITP
In the Apr 21 session, ITP declined 7.41%, reflecting a notable negative market reaction. Argus tracked a trough of -4.7% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Oct 31 | Annual meeting results | Neutral | -4.6% | Shareholders approved directors, auditor and 2025 equity plan at annual meeting. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Limited history shows one prior governance/meeting event where the stock fell despite neutral-to-routine news.
Over the last six months, ITP’s disclosed events were mainly governance and reporting related. An October 31, 2025 Annual General Meeting confirmed directors, ratified the auditor, and approved a 2025 equity incentive plan, yet the stock fell 4.58% the next day. Today’s NYSE American non-compliance notice continues a pattern of reporting and listing-status developments dominating the news flow, against a backdrop of going concern language in prior filings.
Key Terms
form 10-k regulatory
nyse american regulatory
company guide regulatory
initial cure period regulatory
additional cure period regulatory
form 12b-25 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
BAODING,
The Company is now subject to the procedures and requirements set forth in Section 1007 of the NYSE American Company Guide (the "Company Guide"). Within five days of the date of the Filing Delinquency Notification, the Company was required to (a) contact the NYSE to discuss the status of the Delinquent Report and (b) issue a press release disclosing the occurrence of the Filing Delinquency, the reason for the Filing Delinquency and, if known, the anticipated date such Filing Delinquency will be cured via the filing or refiling of the applicable report, as the case may be. The NYSE American Notice has no immediate effect on the listing or trading of the Company's common stock on NYSE American.
During the six-month period from the date of the Filing Delinquency (the "Initial Cure Period"), the NYSE will monitor the Company and the status of the Delinquent Report and any subsequent delayed filings, including through contact with the Company, until the Filing Delinquency is cured. If the Company fails to cure the Filing Delinquency within the Initial Cure Period, the NYSE may, in the NYSE's sole discretion, allow the Company's securities to be traded for up to an additional six-month period (the "Additional Cure Period") depending on the Company's specific circumstances. If the NYSE determines that an Additional Cure Period is not appropriate, suspension and delisting procedures will commence in accordance with the procedures set out in Section 1010 of the Company Guide. If the NYSE determines that an Additional Cure Period of up to six months is appropriate and the Company fails to file its Delinquent Report and any subsequent delayed filings by the end of that period, suspension and delisting procedures will generally commence.
Notwithstanding the foregoing, however, the NYSE may in its sole discretion decide (i) not to afford the Company any Initial Cure Period or Additional Cure Period, as the case may be, at all or (ii) at any time during the Initial Cure Period or Additional Cure Period, to truncate the Initial Cure Period or Additional Cure Period, as the case may be, and immediately commence suspension and delisting procedures if the Company is subject to delisting pursuant to any other provision of the Company Guide, including if the NYSE believes, in the NYSE's sole discretion, that continued listing and trading of the Company's securities on the NYSE is inadvisable or unwarranted in accordance with Sections 1001-1006 of the Company Guide.
Reference is made to the Company's Notification of Late Filing on Form 12b-25 (filed with the SEC on March 31, 2026), which described the circumstances leading to the late filing of the Delinquent Report. The Delinquent Report could not be filed within the prescribed time period due to the fact that the Company was unable to finalize its financial results as well as the disclosure requirements of the Delinquent Report without unreasonable expense or effort. As a result, the Company could not solicit and obtain the necessary review of the Delinquent Report in a timely fashion prior to the due date of the Delinquent Report. Additional time is needed by the Company to complete its review of the financial statements included in the Delinquent Report to ensure a complete, accurate Delinquent Report. The Company intends to file the Delinquent Report as soon as practicable and in any event within the six-month period.
The Company intends to regain compliance with the NYSE American continued listing standards. There can be no assurance that the Company will ultimately regain compliance with all applicable NYSE American listing standards.
About IT Tech Packaging, Inc.
Founded in 1996, IT Tech Packaging, Inc. is a leading manufacturer and distributor of diversified paper products in
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company's plan to file the Delinquent Report within the Initial Cure Period to regain compliance with the NYSE American continued listing standards. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Factors that may cause such differences include, without limitation, the Company's ability to file the Delinquent Report within the Initial Cure Period to regain compliance with the NYSE American continued listing standards, and other risks and uncertainties indicated from time to time in filings with the Securities and Exchange Commission ("SEC"), including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, under the heading "Risk Factors," and other documents the Company has filed, or will file, with the SEC. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contacts:
At the Company Email:
ir@itpackaging.cn
Tel: +86 0312 8698215
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SOURCE IT Tech Packaging, Inc