Polished announces NYSE American notification of continued listing deficiency

Polished.com announced that it had received a deficiency letter from the NYSE American LLC stating that the company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide. The Letter stated that because the company’s common stock had been trading for a low price per share for a substantial period of time, the company was not in compliance with Section 1003(f)(v) of the Company Guide. The NYSE American staff determined that the company’s continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement within a reasonable period of time, which the staff determined to be until March 13, 2024. The company intends to regain compliance with the NYSE American’s continued listing standards by undertaking a measure or measures that are in the best interests of the company and its stockholders.