SEC Grants Accelerated Approval To NYSE American Low-Priced Delisting Standard
On August 14, 2026, the Securities and Exchange Commission approved a significant continued listing rule change for the NYSE American. This order grants accelerated approval to amend Section 1003 of the NYSE American Company Guide. Just two days after I published my detailed analysis of the initial proposal (see my previous blog HERE), the SEC has codified a new reality for micro-cap issuers. The final rule establishes a hard $0.25 minimum price threshold, replacing the prior discretionary guidelines with an automatic trigger for suspension and delisting.
Background and the Retraction of the Market Capitalization Floor
To understand this shift, deal makers must look to the procedural history of this filing. The Exchange initially proposed a dual-track reform that included a hard $5 million market capitalization floor alongside the share price trigger. However, market participants, including the Small Public Company Coalition, raised substantial concerns about the impact on capital formation. In response, NYSE American filed Amendment No. 3, Read More »
