Planet Green Holdings Corp. Receives NYSE Deficiency Notification Regarding Shareholders' Equity
Planet Green Holdings Corp (NYSE American: PLAG) received a notice from the New York Stock Exchange on December 8, 2025, that it is below continued listing criteria under Sections 1003(a)(i),(ii),(iii) of the NYSE American Company Guide.
Rhea-AI Summary
Planet Green Holdings Corp (NYSE American: PLAG) received a notice from the New York Stock Exchange on December 8, 2025, that it is below continued listing criteria under Sections 1003(a)(i),(ii),(iii) of the NYSE American Company Guide.
The company reported a stockholders' deficit of ($573,528) as of September 30, 2025 and has had losses in its five most recent fiscal years ended December 31, 2024. The company is not eligible for an exemption from the equity requirements in Section 1003(a).
Planet Green must submit a plan by January 7, 2026 describing actions to regain compliance by June 8, 2027. During the 18-month cure period the common stock will remain listed and traded on the NYSE, subject to other NYSE rules.
Positive
- Common stock remains listed and tradable during the 18-month cure period
- Cure period deadline to regain compliance set for June 8, 2027
Negative
- Stockholders' deficit of ($573,528) as of September 30, 2025
- Losses reported in the five most recent fiscal years ended December 31, 2024
- Not eligible for any exemption under Section 1003(a) from equity requirements
- Plan to regain compliance required by January 7, 2026
Details
News Market Reaction – PLAG
In the Dec 9 session, PLAG gained 9.48%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Stockholders’ deficit
- ($573,528)
- As of September 30, 2025; cited in NYSE deficiency notice
- Plan submission deadline
- January 7, 2026
- Date by which NYSE-compliance plan must be submitted
- Cure deadline
- June 8, 2027
- Target date to regain compliance with NYSE listing standards
- Cure period length
- 18 months
- Period during which shares can remain listed while addressing deficiency
- Q3 2025 net revenues
- $771,636
- Reported in Q3 2025 10‑Q
- Q3 2025 net loss
- $12,148,293
- Includes losses from continuing and discontinuing operations
- Cash and restricted cash
- $63,754
- Balance as of September 30, 2025
- Total liabilities vs assets
- $12,867,197 vs $12,293,669
- Balance sheet as of September 30, 2025, creating equity deficit
Historical Context
-
New Shengshengchuan Black Gold Series black tea launch with positive distributor feedback.
-
Company response to unusual trading, confirming no undisclosed material developments.
-
Tea subsidiary partnership to expand black tea distribution in Inner Mongolia market.
-
Launch of AI-powered early mental health intervention project for Canadian youth.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
stockholders' deficit financial
continued listing criteria regulatory
listing standards regulatory
stockholders' equity financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
In connection with its non-compliance with Sections 1003(a)(i), (ii), and (iii) of the Company Guide, the Company must submit a plan by January 7, 2026, advising of actions it has taken or will take to regain compliance with the continued listing standards by June 8, 2027. During the eighteen-month cure period, the Company's common stock will continue to be listed and traded on the NYSE, subject to the Company's continued compliance with the NYSE's other applicable listing rules.
About Planet Green Holdings Corp.
Planet Green Holdings Corp. ("Planet Green"), headquartered in
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the Securities and Exchange Commission, which are available, free of charge, on the SEC's website at www.sec.gov.
For more information please contact: Ms. Lili Hu Chief Financial Officer Phone: 718 799 0380 |
View original content:https://www.prnewswire.com/news-releases/planet-green-holdings-corp-receives-nyse-deficiency-notification-regarding-shareholders-equity-302636468.html
SOURCE Planet Green Holdings Corp.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.