Home > Uncategorized > American Apparel gets delisting notice from NYSE

American Apparel gets delisting notice from NYSE

Sep 25 2015, 19:02 ET | About: American Apparel Inc (APP) | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
American Apparel (NYSEMKT:APP) -9.7% AH after disclosing that it received a delisting notice from the NYSE because it has failed to maintain compliance with continued listing standards.APP’s financial condition “has become so impaired that it appears questionable… as to whether the company will be able to continue operations and/or meet its obligations as they mature,” the Exchange says, adding that a reverse stock split would be “appropriate.”APP has until Oct. 9 to file a plan on how it intends to regain compliance.

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