IT Tech Packaging Receives Noncompliance Notice from NYSE
IT Tech Packaging received an official notice of noncompliance from NYSE Regulation stating that the company is not in compliance with NYSE American continued listing standards due to the failure to timely file the company's Form 10-K for 2025 by the filing due date of April 15. The NYSE American Notice has no immediate effect on the listing or trading of the company's common stock on NYSE American. If the company fails to cure the filing delinquency within the six-month initial cure period, the NYSE may allow the company's securities to be traded for up to an additional six-month period. If the NYSE determines that an additional cure period is not appropriate, suspension and delisting procedures will commence. If the NYSE determines that an additional cure period of up to six months is appropriate and the company fails to file its delinquent report and any subsequent delayed filings by the end of that period, suspension and delisting procedures will commence. The delinquent report could not be filed within the prescribed time period due to the fact that the company was unable to finalize its financial results as well as the disclosure requirements of the delinquent report without unreasonable expense or effort. The company intends to file the report as soon as practicable and in any event within the six-month period. The company intends to regain compliance with the NYSE American continued listing standards.