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Stock impact report

Altisource Asset Management Corporation Reports Receipt of Communications From NYSE American

Altisource Asset Management Corp Com (AAMC) 
NASDAQ:AMEX Investor Relations: ir.altisourceamc.com/investor-relations
Company Research Source: Business Wire
CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--On May 31, 2024, Altisource Asset Management Corporation (the “Company”) received a notification letter (the “Notice”) from the NYSE American LLC (the “NYSE American”) advising that the Company is not in compliance with the NYSE American continued listing standards set forth in Sections 1003(a)(ii) and (iii) of the NYSE American Company Guide given the reported stockholders’ equity as of March 31, 2024, and losses from continuing operations and/or net losses in the Company’s five most recent fiscal years ended December 31, 2023. The Notice also advised that the Company is not currently eligible for any exemption set forth in Section 1003(a) of the NYSE American Company Guide.In order to maintain the Company’s listing on the NYSE American, the NYSE American has requested that the Company submit a plan of compliance (the “Plan”) by June 30, 2024, addressing how the Company intends to regain compliance with Sections 1003(a)(ii) and Show less Read more
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