Ault Disruptive Technologies’ compliance plan accepted by NYSE

Ault Disruptive Technologies announced that the NYSE American has accepted the company’s business plan to regain compliance with the Exchange’s continued listing standards. On July 21, the company received notification from the Exchange that it was not in compliance with continued listing standards which require a listed company to maintain a minimum of 200,000 shares publicly held and a minimum of 300 public stockholders on a continuous basis, respectively. The company submitted a plan of compliance to the Exchange on August 18, 2023, addressing how the Company intends to regain compliance with these requirements by December 20, 2024. On September 27, 2023, the company received notice from the Exchange that it had accepted the Plan and granted a plan period through December 20, 2024, to regain compliance with the continued listing standards. If the company is not in compliance with the continued listing standards by that date or if the company does not make progress consistent with the Plan during the plan period, the Exchange may commence delisting procedures.