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American Strategic Investment Co. Receives Continued Listing Standard Notice From the New York Stock Exchange
NEW YORK, August 27, 2025--American Strategic Investment Co. (NYSE: NYC) ("ASIC" or the "Company") announced today that on August 26, 2025, the Company received a written notice (the "Notice") from the New York Stock Exchange ("NYSE") that the Company did not presently satisfy the NYSE’s continued listing standards under Section 802.01B of the NYSE Listed Company Manual (the "Manual"), which requires the Company’s 30-trading day average market capitalization to be not less than $50 million and t
About this update from American Strategic Investment Co.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":468,"url":"https://media.zenfs.com/en/business-wire.com/2ae0e45b2906250e730a682aa169bc65"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2LGgwiXwFWPOOP5IHRAqPQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTkzNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/2ae0e45b2906250e730a682aa169bc65","width":480,"height":468}},"lazy":false},{"type":"text","content":"NEW YORK, August 27, 2025--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) ("ASIC" or the "Company") announced today that on August 26, 2025, the Company received a written notice (the "Notice") from the New York Stock Exchange ("NYSE") that the Company did not presently satisfy the NYSE’s continued listing standards under Section 802.01B of the NYSE Listed Company Manual (the "Manual"), which requires the Company’s 30-trading day average market capitalization to be not less than $50 million and the Company’s stockholders’ equity to be not less than $50 million. As set forth in the Notice, as of August 25, 2025, the Company’s 30-trading day average market capitalization was approximately $34.3 million and the Company’s last reported stockholders’ equity as of June 30, 2025 was approximately $35.5 million.","length":881,"tagName":"p"},{"type":"text","content":"In accordance with applicable NYSE procedures, within 45 days from receipt of the Notice, the Company must submit to NYSE a business plan that demonstrates compliance with Section 802.01B of the Manual within 18 months of receipt of the Notice. The Listing Operations Committee of NYSE will review the business plan and will either accept the plan, at which time the Company will be subject to ongoing quarterly monitoring for compliance with the business plan, or reject it, at which time the Company will be subject to suspension and delisting proceedings. The Company is working to submit to NYSE a business plan within the 45 calendar-day-period described above.","length":666,"tagName":"p"},{"type":"text","content":"The Notice has no immediate effect on the listing of the Company’s Class A common stock, which will continue to be listed and traded on NYSE during the cure periods outlined above, subject to the Company’s...