Regional Health Properties, Inc. has announced that the NYSE American LLC has initiated delisting proceedings for its common stock and Series A Redeemable Preferred Shares. This decision comes after Regional failed to regain compliance with the listing requirements outlined in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide within the 18-month compliance period, which ended on November 10, 2024. Although trading on the NYSE American has been suspended, the securities continue to trade on the OTCQB under the symbols "RHEP" and "RHEPA." Regional reaffirmed its commitment to a planned merger with SunLink Health Systems, Inc., but noted that there is no assurance that any securities from the merger will gain approval from a national securities exchange.
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