Optimum Communications, Inc. (NYSE: OPTU) today announced that on August 13, 2026, it received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s Class A common stock was less than $1.00 over a consecutive 30 trading-day period (the “Price Criteria”).
The Notice has no immediate effect on the listing of the Company’s Class A common stock, subject to the Company’s compliance with the NYSE’s other continued listing requirements. The Notice also does not affect the Company’s business operations or its reporting obligations with the Securities and Exchange Commission.
Pursuant to Section 802.01C, the Company has a period of six months following the receipt of the Notice to regain compliance with the minimum share price requirement. The Company may regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the six-month cure period the Class A common stock has a closing price of at least $1.00 and an average closing price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.
If the Company is unable to regain compliance with the Price Criteria rule within this period, the NYSE will initiate procedures to suspend and delist the Class A common stock. However, if the Company determines that it will cure the price condition by taking an action that will require stockholder approval, the Company must so inform the NYSE, must obtain stockholder approval no later than its next annual meeting, and must implement the action promptly thereafter.
The Company intends to monitor the price of its Class A common stock between now and February 13, 2027. If the Company’s Class A common stock does not trade at a level that is likely to regain compliance with the Price Criteria rule, the Company’s board of directors will consider other options available to achieve compliance.
Read the full press release here.
