News

Regis Faces Delisting from NYSE

1 Mins read

Regis, the Minnesota-based hair-salon operator, experienced a significant drop in its shares after the New York Stock Exchange (NYSE) initiated the process of delisting. The stock plummeted by 22% to $7.28 during premarket trading, resulting in a year-to-date decrease of 62% as of the market’s close on Wednesday.

On Thursday morning, Regis announced that NYSE Regulation had decided to commence delisting proceedings against the company’s common stock due to its failure to comply with listing standards. Specifically, Regis had previously disclosed that its stock did not meet the requirement of maintaining either $50 million in stockholders’ equity or $50 million in total market capitalization on a 30-trading day average basis.

Although Regis’ shares will still be listed and traded on the exchange, the company is currently considering whether to request a review of NYSE’s determination. However, it should be noted that a delisting will only occur if Regis chooses not to appeal the decision by December 28, or if it decides against an appeal altogether. Additionally, if the subsequent review concludes that trading should be suspended, it could also lead to delisting.

Regis’ future on the NYSE remains uncertain as it contemplates its options.

Related posts
News

Risk mitigation

4 Mins read
Asian economies should cooperate to jointly lower their overreliance on dollar-denominated assets The economic and trade policies implemented by the current administration…
News

Cloud mining revolutionizes the way to increase the value of crypto assets: Ripplecoin Mining allows XRP, BTC, and Solana holders to achieve daily income | Business Upturn

3 Mins read
Weston, Massachusetts, July 16, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues to fluctuate, more and more investors are looking for…
News

Republicans declared it 'crypto' week in the House. It's not going as planned

1 Mins read
WASHINGTON (AP) — A trio of cryptocurrency bills that had been expected to pass the House this week stalled on Tuesday after…

Leave a Reply

Your email address will not be published. Required fields are marked *