Team, Inc. receives NYSE non-compliance notice due to low market cap and shareholders' equity.
Team, Inc. (TISI) received a notice from the New York Stock Exchange (NYSE) stating it is not compliant with continued listing standards, as the company's average global market capitalization and shareholders' equity were both less than $50 million. Team plans to submit a plan within 45 days, outlining actions to achieve compliance within 12 months. Any submitted plan will require NYSE approval.
March 15, 2024
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