The NYSE has 45 calendar days to review and determine Jackson Hewitt has reasonably demonstrated its ability to meet those standards during the 18-month period. The shares continue to trade on the exchange during that period.
Jackson Hewitt Gets Delisting Warning
Jackson Hewitt Tax Services has been notified by the New York Stock Exchange that the Parsippany, N.J.-based tax preparation company has fallen below the exchange's standard for continued listing which require minimums for market capitalization and stockholders' equity.
The NYSE requires that a company's average global market capitalization cannot fall below $50 million over a consecutive 30 trading-day period nor can total stockholders' equity be less than $50 million. The company said it would submit a plan within 45 days of receipt of the notice to demonstrate its ability to comply within 18 months.
The NYSE has 45 calendar days to review and determine Jackson Hewitt has reasonably demonstrated its ability to meet those standards during the 18-month period. The shares continue to trade on the exchange during that period.
The NYSE has 45 calendar days to review and determine Jackson Hewitt has reasonably demonstrated its ability to meet those standards during the 18-month period. The shares continue to trade on the exchange during that period.