The New York Stock Exchange has accepted American Strategic Investment Co.’s (NYSE: NYC) plan to regain compliance with its continued listing standards, granting the company until February 26 2027 to meet the required thresholds of a $50 million market capitalization and $50 million stockholders’ equity.
The company was notified of non‑compliance on August 26 2025 after its 30‑trading‑day average market capitalization fell to roughly $34.3 million and its June 30 2025 stockholders’ equity dropped to about $35.5 million. The shortfall was driven by a decline in revenue, shrinking profitability, a high debt‑to‑equity ratio, and the need to sell assets to reduce leverage.
CEO Nicholas Schorsch Jr. said the board remains focused on executing a strategic transformation that includes divesting non‑core properties, cutting debt, and repositioning the portfolio toward higher‑yielding assets. He emphasized that the company is committed to meeting the NYSE’s requirements within the allotted timeframe.
The extension allows NYC’s Class A common stock to stay listed while the company implements its plan, with the NYSE monitoring progress quarterly. Failure to meet the plan could trigger suspension or delisting, which would severely limit liquidity and market access for investors.
The company faces significant headwinds, including debt covenant breaches, a loan default, and a negative Altman Z‑Score that signal financial distress. However, asset sales and debt reduction efforts provide tailwinds that could help restore the balance sheet. The compliance plan signals management’s determination to stabilize the company’s financial health and regain investor confidence.
Investors will closely monitor progress toward the $50 million thresholds, as meeting them by February 2027 is essential for continued NYSE listing, liquidity, and long‑term shareholder value.
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