Leaf Group Ltd. Regains Compliance with NYSE Continued Listing Standards

Rhea-AI Summary

Leaf Group Ltd. (NYSE:LEAF) announced on December 10, 2020, that it has regained compliance with the NYSE's market capitalization and shareholders' equity requirements. This compliance follows a review of its financial standing for the past two quarters. As a result, the '.BC' compliance indicator will no longer be in effect, indicating that the company is now aligned with the NYSE's quantitative continued listing standards. This positive development signals stability and reassurance about Leaf Group's market position.

Positive

• Regained compliance with NYSE market capitalization and equity requirements.
• Removed '.BC' compliance indicator, indicating improved market status.

Negative

• None.

SANTA MONICA, Calif., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Leaf Group Ltd. (NYSE:LEAF) (the “Company”), a diversified consumer internet company, announced today that on December 10, 2020, the Company received written notice from the New York Stock Exchange (“NYSE”) stating that the Company had regained compliance with the NYSE’s minimum market capitalization and shareholders’ equity requirements for the past two quarters and is now considered in compliance with the NYSE quantitative continued listing standards as set forth in Section 8 of the NYSE Company Manual. Further, as a result, the below compliance (“.BC”) indicator will no longer be transmitted.

About Leaf Group
Leaf Group Ltd. (NYSE: LEAF) is a diversified consumer internet company that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, including fitness and wellness (Well+Good, Livestrong.com and MyPlate App), and home, art and design (Saatchi Art, Society6 and Hunker). For more information about Leaf Group, visit www.leafgroup.com.

Investor Contact
Shawn Milne
SVP Corporate Finance and Investor Relations
310-656-6346
shawn.milne@leafgroup.com

Media Contact
Sharna Daduk
Vice President, Communications
sharna.daduk@leafgroup.com

FAQ

What did Leaf Group announce on December 10, 2020 regarding compliance with the NYSE?

Leaf Group announced that it has regained compliance with the NYSE's minimum market capitalization and shareholders' equity requirements.

What is the stock symbol for Leaf Group?

The stock symbol for Leaf Group is LEAF.

What does the '.BC' compliance indicator relate to for Leaf Group?

The '.BC' compliance indicator indicates that Leaf Group was previously non-compliant with NYSE standards, which has now been removed.

How does Leaf Group's compliance with NYSE standards affect investors?

Regaining compliance with NYSE standards reassures investors about Leaf Group's financial stability and market position.