INNOVATE Corp. Regains Compliance with NYSE Minimum Price Requirement
04 September 2024 - 6:05AM
INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced
today that it has received a letter from the New York Stock
Exchange (“NYSE”) dated August 27, 2024 (the “Compliance Notice”),
notifying the Company that it is no longer considered below the
NYSE’s continued listing criterion of a minimum average share price
of US $1.00 over a 30 trading-day period (the "NYSE Minimum Price
Requirement").
“The INNOVATE team is pleased to share that we have received
notification from the New York Stock Exchange regaining listing
compliance,” said Paul Voigt, INNOVATE’s CEO. “Regaining compliance
with NYSE allows us to shift management and investor focus back on
to our positive growth story.”
About INNOVATEINNOVATE Corp. is a
portfolio of best-in-class assets in three key areas of the new
economy – Infrastructure, Life Sciences and Spectrum. Dedicated to
stakeholder capitalism, INNOVATE employs approximately 4,000 people
across its subsidiaries. For more information, please
visit: www.INNOVATECorp.com.
Forward-Looking StatementsCertain statements in
this press release may constitute “forward-looking statements”
within the meaning of the federal securities laws. Forward-looking
statements generally relate to future events, such as the Company’s
growth and management’s focus thereon. You are cautioned that such
statements are not guarantees of future performance and that
INNOVATE’s actual results may differ materially from those set
forth in the forward-looking statements. All of these
forward-looking statements are subject to risks and uncertainties
that may change at any time. Factors that could cause INNOVATE’s
actual expectations to differ materially from these forward-looking
statements include INNOVATE’s ability to continue to comply with
applicable listing standards of the NYSE and the other factors
under the heading “Risk Factors” set forth in INNOVATE’s Annual
Report on Form 10-K, as supplemented by INNOVATE’s quarterly
reports on Form 10-Q. Such filings are available on our website or
at www.sec.gov. You should not place undue reliance on these
forward-looking statements, which are made only as of the date of
this press release. INNOVATE undertakes no obligation to publicly
update or revise forward-looking statements to reflect subsequent
developments, events, or circumstances, except as may be required
under applicable securities laws.
Investor Contact:Solebury Strategic
CommunicationsAnthony Rozmusir@innovatecorp.com (212) 235-2691
INNOVATE (NYSE:VATE)
Historical Stock Chart
From Nov 2024 to Dec 2024
INNOVATE (NYSE:VATE)
Historical Stock Chart
From Dec 2023 to Dec 2024