StoneMor Inc. Announces Compliance With NYSE Listing Standards

Rhea-AI Summary

StoneMor Inc. (NYSE: STON) announced on December 23, 2020, that it has regained compliance with the NYSE continued listing criteria, achieving an average closing share price of $1.495 over the last 30 trading days and a closing price of $2.58. This notification by the NYSE confirms that StoneMor meets the necessary requirements to remain listed on the exchange. The Company operates 320 cemeteries and 90 funeral homes across 27 states and Puerto Rico, offering a variety of burial products and services.

Positive

• Regained compliance with NYSE listing standards regarding minimum share price.
• Current closing share price is $2.58, above the required minimum.

Negative

• None.

TREVOSE, Pa., Dec. 23, 2020 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE: STON) (“StoneMor” or the “Company”), a leading owner and operator of cemeteries and funeral homes, announced today that it received notification from the New York Stock Exchange ("NYSE") on December 23, 2020 that the Company has regained compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The Company also remains in compliance with all other NYSE continued listing standard rules.

As of December 23, 2020, the last day of the Company’s cure period for compliance with the minimum price condition, StoneMor had a closing share price of $2.58 and an average closing share price of $1.495 over the preceding 30 trading-day period.

About StoneMor Inc.

StoneMor Inc., headquartered in Trevose, Pennsylvania, is an owner and operator of cemeteries and funeral homes in the United States, with 320 cemeteries and 90 funeral homes in 27 states and Puerto Rico.

StoneMor’s cemetery products and services, which are sold on both a pre-need (before death) and at-need (at death) basis, include: burial lots, lawn and mausoleum crypts, burial vaults, caskets, memorials, and all services which provide for the installation of this merchandise. For additional information about StoneMor Inc. please visit StoneMor’s website, and the investors section, at http://www.stonemor.com.

Contact:
Investor Relations
215-826-4438

FAQ

What is StoneMor's stock ticker?

StoneMor's stock ticker is STON.

When did StoneMor regain compliance with NYSE listing criteria?

StoneMor regained compliance with NYSE listing criteria on December 23, 2020.

What was StoneMor's closing share price on December 23, 2020?

StoneMor's closing share price on December 23, 2020, was $2.58.

What average closing share price did StoneMor achieve?

StoneMor achieved an average closing share price of $1.495 over the preceding 30 trading days.