Notice: Passwords are now case-sensitive
Forgot your password? Register a new account

Connections

Groups

Community Requests

NYSE Begins Delisting Procedures for Patriot National Stock

Monday, October 2, 2017 | 328 | 0 | 0 min read

Patriot National announced Friday that it has received a delisting notice from the New York Stock Exchange because it has failed to meet capitalization rules.  Patriot said Rule 802.01B of the NYSE manual requires the average global capitalization of a listed company’s common stock to be more than $50 million over a consecutive 30-day trading period.  Patriot National’s stock price has dropped more than 90% since it went public in 2015. The company's former CEO Steven Mariano has also been the target of numerous shareholder lawsuits.  Patriot Nationa...

Purchase this story for only $9.16!Add to Cart


For access to all of our articles, check out our subscription options.

Comments

Be the first to comment.

Related Articles