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Knorex Receives NYSE American Notice Regarding Noncompliance With Listing Standards

Knorex Receives NYSE American Notice Regarding Noncompliance With Listing Standards

MT newswireMT newswire2026/08/26 21:54
05:54 PM EDT, 08/26/2026 (MT Newswires) -- Knorex (KNRX) received a noncompliance notice from the NYSE American last week, the company said late Wednesday. The notice indicated that Knorex is not in compliance with listing rules requiring stockholders' equity of at least $2 million if an issuer has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years, and at least $4 million if an issuer has reported such losses in three of its four most recent fiscal years, the company said. As of Dec. 31, 2025, it reported a stockholders' deficit of $6.5 million and net losses in its four most recent fiscal years, the company added. The company said it intends to submit a plan by Sept. 20, stating the actions it has taken or plans to take to regain compliance with the continued listing standards by Feb. 21, 2028.
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