LightInTheBox Gets Non-Compliance Notice From NYSE

MT Newswires Live01-23

LightInTheBox Holding (LITB) said late Thursday that the New York Stock Exchange notified the company that it is "below criteria" due to its average total market capitalization coming in at less than $50 million over a 30 trading-day period.

The company, which also said it was informed stockholders' equity fell short of the required $50 million, intends to remedy the deficiency in a "timely manner."

LightInTheBox has 90 calendar days from the NYSE notice date to respond with a business plan that demonstrates compliance with the continued listing standard within 18 months of receipt of the notice, it said.

Shares of LightInTheBox were down nearly 1% in after-hours trading.

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