Hyperscale Data (GPUS) announced that it was notified by the NYSE American that due to the company’s disclosure in its Form 10-Q filed for the fiscal period ended September 30, which reported stockholders’ equity of approximately $2.2M, it no longer meets the requirement that it must have no less than $6M or more in stockholders’ equity pursuant to the listing standard set forth under Section 1003 and of the NYSE American because the company has reported losses from continuing operations and/or net losses in five of its most recent fiscal years ended December 31, 2023. Under the applicable NYSE American listing rules, the company must by January 17, 2025 submit a compliance plan that demonstrates how it intends to regain compliance with the Listing Standards within 18 months of the receipt of the notice, or June 18, 2026.
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