Regional Health Properties, Inc. Regains Compliance with NYSE American Continued Listing Standards
Regional Health Properties has announced that it regained compliance with the NYSE American continued listing standards as of February 21, 2023.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Regional Health Properties has announced that it regained compliance with the NYSE American continued listing standards as of February 21, 2023. This follows the resolution of a deficiency related to the failure to hold an annual shareholders' meeting for the fiscal year ended December 31, 2021. Consequently, the compliance indicator was removed on February 22, 2023, and the Company is no longer listed among noncompliant issuers. Regional Health Properties operates primarily in senior living and long-term care real estate investments.
Positive
- Regained compliance with NYSE American listing standards.
- Compliance deficiency related to annual meeting resolution.
Negative
- None.
Details
News Market Reaction – RHE
The recorded move for RHE in the trading session of this news was +5.25%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, GA, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Regional Health Properties, Inc. (the “Company,” “we,” “us” or “our”) (NYSE American: RHE) (NYSE American: RHE-PA) announced today that the Company received a notice from the NYSE American LLC (the “Exchange”) on February 21, 2023 that the Company has regained compliance with the continued listing standard set forth in Section 704 of the NYSE American Company Guide. Specifically, the Company has resolved the continued listing deficiency with respect to its failure to hold an annual meeting of shareholders for the fiscal year ended December 31, 2021.
In the notification, the Exchange informed the Company that the below compliance (“BC”) indicator ceased to be disseminated on February 22, 2023. The Company was removed from the list of issuers noncompliant with NYSE American corporate governance listing standards posted on https://www.nyse.com/regulation/noncompliant-issuers and the BC indicator was removed from the profile, data and news pages of the Company’s security.
About Regional Health Properties
Regional Health Properties, Inc., a Georgia corporation, is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care. For more information, visit www.regionalhealthproperties.com.
| Company Contact | Investor Relations |
| Brent Morrison, CFA | Brett Maas |
| Chief Executive Officer & President | Managing Partner |
| Regional Health Properties, Inc. | Hayden IR |
| Tel (678) 368-4402 | Tel (646) 536-7331 |
| Brent.morrison@regionalhealthproperties.com | brett@haydenir.com |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.