NYSE Listed Company Manual Rule 802.01B

Key provisions:

• Establishes minimum market capitalization and equity standards for continued listing. Companies may face delisting if:
  • both average global market capitalization and stockholders’ equity fall below $50 million; or
  • market capitalization falls below certain lower thresholds.
• Immediate suspension and delisting procedures may apply when a company:
  • fails critical financial standards;
  • does not meet required listing qualifications; or
  • falls below specified market capitalization levels.
• Special continued-listing standards apply to:
  • Equity Investment Tracking Stocks;
  • REITs;
  • limited partnerships;
  • acquisition companies (SPACs);
  • closed-end funds;
  • bonds;
  • preferred securities;
  • income deposit securities; and
  • subscription receipts.
• Ongoing compliance reviews focus on financial condition, market value, shareholder distribution, and listing eligibility. Failure to maintain required standards can result in suspension and delisting, often without access to the Exchange’s cure procedures.