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Lument Finance Trust Receives NYSE Continued Listing Standard Notice

LFT
  • Lument Finance Trust, Inc. (NYSE: LFT) received a deficiency notice from the NYSE for failing to meet the $1.00 minimum average closing price requirement over 30 consecutive trading days.
  • The notice does not currently impact the listing or trading of the company's common stock on the NYSE.
  • The company has a six-month cure period ending on January 24, 2027, to regain compliance.
  • Compliance can be achieved if the stock closes at $1.00 or higher on the last trading day of any calendar month during the cure period, with an average closing price of at least $1.00 over the preceding 30 trading days.
  • The company's common stock will continue trading on the NYSE during the cure period, subject to other listing standards.
  • The company is considering alternatives to regain compliance, which may include a reverse stock split, though no specific action has been committed to.