Clear Channel Outdoor Holdings, Inc. Regains Compliance With NYSE Minimum Price Listing Standard
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today announced that on September 1, 2020, the Company was notified by the New York Stock Exchange (“NYSE”) that the Company had regained compliance with the NYSE’s continued listing standards.
As previously disclosed, on August 4, 2020, Clear Channel Outdoor received formal notice from the NYSE that it was not in compliance with the NYSE’s continued listing standards as a result of the average closing price of the Company’s common stock being less than $1.00 per share over a consecutive 30 trading-day period.
Clear Channel Outdoor regained compliance after its average closing price for the 30 trading days ended August 31, 2020 exceeded the NYSE’s minimum requirement of $1.00 based on a 30 trading-day average.
Source: Clear Channel