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An update from Virnetx Holding (VHC) is now available.
VirnetX Holding Corporation has been notified by the NYSE of its noncompliance with the exchange’s market capitalization standards, as its 30-day average market cap fell below $50 million, alongside a sub-$50 million stockholders’ equity. The company plans to submit a remedial plan to regain compliance within an 18-month window. If the NYSE accepts this plan, VirnetX will remain listed during this period, provided it adheres to the terms. However, there is no guarantee that the company will successfully meet the NYSE standards and avoid delisting. This development does not immediately affect VirnetX’s trading status or SEC reporting obligations.
Learn more about VHC stock on TipRanks’ Stock Analysis page.