LightInTheBox Holding Co., Ltd. announced on January 23, 2025, that it received a letter from the New York Stock Exchange dated December 26, 2024. The notice informed the company of non-compliance with Section 802.01B of the NYSE Listed Company Manual.
The non-compliance stems from the company's average total market capitalization being less than $50 million over a 30 trading-day period, and its stockholders' equity also being less than $50 million. This triggers a requirement for the company to address the deficiency.
LightInTheBox intends to submit a business plan within 90 calendar days to demonstrate its ability to regain compliance with the listing standard within 18 months. The notice does not immediately impact the listing of the company's ADSs, which will continue to trade on the NYSE.
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