Better Choice Company Announces NYSE Acceptance of Plan to Regain Listing Compliance
Better Choice Company (NYSE American: BTTR) received a notice on July 9, 2024, from NYSE American , confirming the acceptance of the firm's plan to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide. The notice indicated that the company was not in compliance due to stockholders' equity of $1.1 million as of March 31, 2024, and losses from continuing operations in three of the last four fiscal years ended December 31, 2023.
The company's listing will continue under an extension with a target completion date of October 24, 2025. Better Choice will provide quarterly updates to NYSE American on its progress toward achieving compliance.
- None.
- Non-compliance with Section 1003(a)(i) due to stockholders' equity of $1.1 million.
- Reported losses from continuing operations in three of the last four fiscal years.
- Potential risk of delisting if compliance is not met by October 24, 2025.
NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, announced today that it received a notice on July 9, 2024 from the NYSE American LLC (the "NYSE American"), stating acceptance of the Company’s plan to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide. The Company’s listing is being continued pursuant to an extension with a targeted completion date of October 24, 2025 (the “Plan Period”).
In the notice letter, NYSE American also notified the Company that it was not in compliance with Section 1003(a)(i) of the Company Guide as it reported stockholders’ equity of
The Company will provide quarterly updates to the NYSE American during the Plan Period on its progress with the goals and initiatives outlined in the plan.
About Better Choice Company Inc.
Better Choice Company Inc. is a rapidly growing pet health and wellness company committed to leading the industry shift toward pet products and services that help dogs and cats live healthier, happier and longer lives. We take an alternative, nutrition-based approach to pet health relative to conventional dog and cat food offerings and position our portfolio of brands to benefit from the mainstream trends of growing pet humanization and consumer focus on health and wellness. We have a demonstrated, multi-decade track record of success selling trusted pet health and wellness products and leverage our established digital footprint to provide pet parents with the knowledge to make informed decisions about their pet’s health. We sell the majority of our dog food, cat food and treats under the Halo brand, which is focused, respectively, on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet dog food and treats. For more information, please visit https://www.betterchoicecompany.com.
Company Contact:
Better Choice Company, Inc.
Kent Cunningham, CEO
Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
Valter@KCSA.com
Source: Better Choice Company Inc.
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