Business
Vince Holding Corp. Receives Continued Listing Standard Notice from the NYSE
NEW YORK, May 09, 2025--Vince Holding Corp. (NYSE: VNCE) ("VNCE" or the "Company"), a global contemporary retailer, today announced that on May 6, 2025, the Company received a written notice (the "Notice") from the New York Stock Exchange ("NYSE") that the Company did not presently satisfy NYSE’s continued listing standards under Section 802.01B of NYSE Listed Company Manual (the "Manual"), which requires the Company’s 30-trading day average market capitalization to be at least $50 million and t
About this update from Vince Holding Corp.
[{"type":"text","content":"NEW YORK, May 09, 2025--(BUSINESS WIRE)--Vince Holding Corp. (NYSE: VNCE) ("VNCE" or the "Company"), a global contemporary retailer, today announced that on May 6, 2025, the Company received a written notice (the "Notice") from the New York Stock Exchange ("NYSE") that the Company did not presently satisfy NYSE’s continued listing standards under Section 802.01B of NYSE Listed Company Manual (the "Manual"), which requires the Company’s 30-trading day average market capitalization to be at least $50 million and the Company’s stockholders’ equity to be at least $50 million. As set forth in the Notice, as of May 5, 2025, the Company’s 30-trading day average market capitalization was approximately $22.6 million and the Company’s last reported stockholders’ equity, as of February 1, 2025, was approximately $41.8 million.","length":877,"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. The Listing Operations Committee of the 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 NYSE will reject the business plan, at which time the Company will be subject to suspension and delisting proceedings. The Company expects to timely submit such a business plan to NYSE.","length":612,"tagName":"p"},{"type":"text","content":"Pursuant to NYSE rules, the Company’s common stock will continue to be listed and traded on NYSE during the cure periods outlined above, subject to the Company’s compliance with other NYSE continued listing requirements. The current noncompliance with the standard described above does not affect the Company’s ongoing business operations or its reporting requirements with the Securities and Exchange Commission.","length":413,"tagName":"p"},{"type":"text","content":"ABOUT VINCE","length":11,"tagName":"p"},{"type":"text","content":"Vince Holding Corp. is a global retail company that operates the Vince brand women's and men's ready to wear business. Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creatin...