Lannett announces NYSE to commence proceedings to delist company common stock

Lannett announced that it received a written notice from the NYSE, notifying the company that the NYSE will commence proceedings to delist the company’s common stock from the NYSE. The NYSE reached this determination pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company has fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization of at least $15,000,000 over a consecutive 30-trading day period. The NYSE suspended trading in the company’s common stock immediately after market close on April 19. The company’s common stock will begin trading in the over-the-counter market commencing on April 20. The common stock will retain the ticker symbol (LCI).