RMG Acquisition Corp. Receives Notice of Noncompliance From the New York Stock Exchange
20 August 2019 - 6:44AM
Business Wire
RMG Acquisition Corp. (the “Company”) received written notice on
August 15, 2019 from The New York Stock Exchange (the “NYSE”) that
the Company is not compliant with Section 802.01B of the NYSE
Listed Company Manual (the “Manual”), which requires the Company to
maintain a minimum of 300 public stockholders on a continuous
basis.
In accordance with the procedures set forth in Sections 801 and
802 of the Manual, the Company has been provided a period 45 days
to respond with a business plan that demonstrates how the Company
intends to return to compliance with the minimum public
stockholders requirement within 18 months.
The Company expects to submit its business plan to the NYSE
within the allotted time, advising of its plans for regaining
compliance with the minimum public stockholders requirement within
the allotted time. The Company’s units, common stock and warrants
will continue to be listed and traded on the NYSE during the cure
period, subject to the Company’s compliance with other continued
listing standards. The notice does not affect the Company’s
business operations or its Securities and Exchange Commission
(“SEC”) reporting requirements.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements”. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's annual report filed on Form 10-K
with the SEC. Copies are available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190819005600/en/
Investors: Philip Kassin
(212) 220-9503
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