Optimum Communications (OPTU) faces NYSE warning after shares average under $1
Rhea-AI Filing Summary
Optimum Communications, Inc. reported that the New York Stock Exchange notified the company on August 13, 2026 that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of its Class A common stock was below $1.00 over a consecutive 30 trading-day period.
The notice has no immediate effect on the stock’s listing, business operations, or SEC reporting, but Optimum has six months from receipt of the notice to regain compliance by meeting the $1.00 minimum closing price and 30-day average criteria. Failure to do so would lead the NYSE to begin suspension and delisting procedures. The company plans to monitor its share price through February 13, 2027, and its board may consider additional actions, potentially requiring stockholder approval, to restore compliance.
Positive
- None.
Negative
- NYSE non-compliance and delisting risk: Optimum’s Class A stock has averaged below $1.00 for 30 trading days, triggering a NYSE non-compliance notice and a six‑month deadline before potential suspension and delisting procedures.
Filing Explained
The filing specifies that Optimum can regain NYSE compliance at a month-end during the six-month cure period only if both that day’s closing price and the preceding 30-trading-day average are at least
8-K Event Classification
3 items: 3.01, 7.01, 9.01
3 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Minimum share price threshold: $1.00 per share
Non-compliance measurement window: 30 trading-day period
Cure period length: six months
+3 more
6 metrics
Minimum share price threshold
$1.00 per share
NYSE Section 802.01C continued listing Price Criteria
Non-compliance measurement window
30 trading-day period
Average closing price of Class A common stock below $1.00
Cure period length
six months
Time after August 13, 2026 to regain NYSE price compliance
Monitoring end date
February 13, 2027
Company intends to monitor Class A share price through this date
Customer base
approximately 4.2 million customers
Residential and business broadband and video customers across 21 states
Geographic footprint
21 states
States served by Optimum’s broadband and video services
Key Terms
Section 802.01C, continued listing requirements, cure period, forward-looking statements, +1 more
5 terms
Section 802.01C regulatory
"not in compliance with Section 802.01C of the NYSE Listed Company Manual"
continued listing requirements regulatory
"subject to the Company’s compliance with the NYSE’s other continued listing requirements"
Rules a stock exchange sets that a publicly traded company must keep meeting to stay listed and tradable on that exchange, such as minimum share price, market value, timely financial reports, and basic governance practices. Like a club’s membership rules, they matter because falling short can lead to warnings, penalties or removal from the exchange, which can cut liquidity, hurt share value and increase the risk for investors.
cure period regulatory
"has a period of six months following the receipt of the Notice to regain compliance"
A cure period is a set amount of time given to a borrower, counterparty, or contracting party to fix a missed payment, breach, or other problem before more serious consequences—like penalties, higher interest, or contract termination—kick in. For investors, it matters because it creates a short grace window that can prevent immediate losses and influence the timing and likelihood of recovery; think of it like a few extra days to pay a bill before a service is cut off.
forward-looking statements regulatory
"Certain statements in this press release constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
delist regulatory
"the NYSE will initiate procedures to suspend and delist the Class A common stock"
Delist means a company’s shares are removed from a public stock exchange so they can no longer be bought or sold on that market. Think of it like a product being taken off a supermarket shelf: the stock becomes harder to find, often leads to less trading, wider price swings, and reduced transparency, which matters to investors because it can limit ability to sell, change the value of holdings, and signal regulatory or financial problems.
FAQ
Why did Optimum Communications (OPTU) receive a NYSE non-compliance notice?
Optimum Communications received a NYSE notice because the average closing price of its Class A common stock was below $1.00 over a consecutive 30 trading‑day period, violating Section 802.01C minimum price requirements.
Does the NYSE notice immediately affect Optimum Communications (OPTU) stock listing?
The notice has no immediate effect on Optimum’s NYSE listing. Its Class A shares remain listed while the company seeks to regain compliance and continues meeting other continued listing requirements and SEC reporting obligations.
How long does Optimum Communications (OPTU) have to regain NYSE price compliance?
Optimum has a six‑month cure period from August 13, 2026 to regain compliance. The stock must close at or above $1.00 on the last trading day of a month and average at least $1.00 over the prior 30 trading days.
What happens if Optimum Communications (OPTU) cannot meet the NYSE price criteria?
If Optimum does not regain compliance with the $1.00 price criteria within the six‑month period, the NYSE will begin procedures to suspend and delist the Class A common stock, subject to any actions the company undertakes.
What actions might Optimum Communications (OPTU) consider to restore NYSE compliance?
Optimum states its board will consider other options if the stock does not trade at levels likely to meet the price criteria. Actions requiring stockholder approval must be approved by the next annual meeting and implemented promptly.
Does the NYSE notice change Optimum Communications (OPTU) business operations?
The company states the notice does not affect its business operations or SEC reporting. Optimum continues serving about 4.2 million broadband and video customers across 21 states under the Optimum brand.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 14, 2026 (August 13, 2026 )
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| (Exact Name of Registrant as Specified in its Charter) | |||||||||||
| (State of Incorporation) | |||||||||||
| (Commission File Number) | (IRS Employer Identification Number) | ||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
(516 ) 803-2300
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On August 13, 2026, Optimum Communications, Inc. (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s Class A common stock was less than $1.00 over a consecutive 30 trading-day period (the “Price Criteria”).
The Notice has no immediate effect on the listing of the Company’s Class A common stock, subject to the Company’s compliance with the NYSE’s other continued listing requirements. The Notice also does not affect the Company’s business operations or its reporting obligations with the Securities and Exchange Commission.
Pursuant to Section 802.01C, the Company has a period of six months following the receipt of the Notice to regain compliance with the minimum share price requirement. The Company may regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the six-month cure period the Class A common stock has a closing price of at least $1.00 and an average closing price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.
If the Company is unable to regain compliance with the Price Criteria rule within this period, the NYSE will initiate procedures to suspend and delist the Class A common stock. However, if the Company determines that it will cure the price condition by taking an action that will require stockholder approval, the Company must so inform the NYSE, must obtain stockholder approval no later than its next annual meeting, and must implement the action promptly thereafter.
The Company intends to monitor the price of its Class A common stock between now and February 13, 2027. If the Company’s Class A common stock does not trade at a level that is likely to regain compliance with the Price Criteria rule, the Company’s board of directors will consider other options available to achieve compliance.
Item 7.01 Regulation FD Disclosure
On August 14, 2026, the Company issued a press release regarding receipt of the Notice from the NYSE. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statement and Exhibits
| (d) | Exhibits. | |||||||||||||
| Exhibit | Description | |||||||||||||
99.1 | Press Release of Optimum, dated August 14, 2026 | |||||||||||||
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OPTIMUM COMMUNICATIONS, INC. | |||||||||||
| Dated: August 14, 2026 | By: | /s/ Michael E. Olsen | |||||||||
| Michael E. Olsen | |||||||||||
| General Counsel & Chief Corporate Responsibility Officer | |||||||||||
Exhibit 99.1
OPTIMUM RECEIVES NOTICE FROM NYSE REGARDING CONTINUED LISTING STANDARD
NEW YORK (August 14, 2026) – Optimum Communications, Inc. (NYSE: OPTU) today announced that on August 13, 2026, it received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s Class A common stock was less than $1.00 over a consecutive 30 trading-day period (the “Price Criteria”).
The Notice has no immediate effect on the listing of the Company’s Class A common stock, subject to the Company’s compliance with the NYSE’s other continued listing requirements. The Notice also does not affect the Company’s business operations or its reporting obligations with the Securities and Exchange Commission.
Pursuant to Section 802.01C, the Company has a period of six months following the receipt of the Notice to regain compliance with the minimum share price requirement. The Company may regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the six-month cure period the Class A common stock has a closing price of at least $1.00 and an average closing price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.
If the Company is unable to regain compliance with the Price Criteria rule within this period, the NYSE will initiate procedures to suspend and delist the Class A common stock. However, if the Company determines that it will cure the price condition by taking an action that will require stockholder approval, the Company must so inform the NYSE, must obtain stockholder approval no later than its next annual meeting, and must implement the action promptly thereafter.
The Company intends to monitor the price of its Class A common stock between now and February 13, 2027. If the Company’s Class A common stock does not trade at a level that is likely to regain compliance with the Price Criteria rule, the Company’s board of directors will consider other options available to achieve compliance.
About Optimum Communications
Optimum Communications, Inc. (NYSE: OPTU) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to approximately 4.2 million residential and business customers across 21 states through its Optimum brand. We operate Optimum Media, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. We also operate News 12, which is focused on delivering best-in-class hyperlocal news content.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this press release regarding our intentions, beliefs or current expectations concerning, among other things, our ability to regain compliance with the Price Criteria and other continued listing standards. These forward-looking statements can be identified by the use of forward-looking terminology, including without limitation the terms “anticipate”, “believe”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “opportunity”, “plan”, “project”, “should”, “target”, “outlook”, or “will” or, in each case, their negative, or other variations or comparable terminology. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. To the extent that statements in this earnings release are not recitations of historical fact, such statements constitute forward-looking statements, which, by definition, involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including risks referred to in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q. You are cautioned to not place undue reliance on Optimum
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Communications’ forward-looking statements. Any forward-looking statement speaks only as of the date on which it was made. Optimum Communications specifically disclaims any obligation to publicly update or revise any forward-looking statement, as of any future date.
Investor Relations
John Hsu: +1 917 405 2097 / john.hsu@optimum.com
Sarah Freedman: +1 631 660 8714 / sarah.freedman@optimum.com
Media Relations
Lisa Anselmo: +1 516 279 9461 / lisa.anselmo@optimum.com
Janet Meahan: +1 516 519 2353 / janet.meahan@optimum.com
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