ATI Physical Therapy Receives NYSE Non-Compliance Letter Regarding Market Capitalization Requirements

Provided By PR Newswire

Last update: Jul 3, 2023

BOLINGBROOK, Ill., July 3, 2023 /PRNewswire/ -- ATI Physical Therapy, Inc. ("ATI" or the "Company") (NYSE: ATIP), a nationally recognized outpatient physical therapy provider in the United States, today announced that on June 28, 2023, the Company received a written notice (the "Notice") from the New York Stock Exchange (the "NYSE") that the Company no longer satisfies the continued listing standards set forth under Section 802.01B of the NYSE's Listed Company Manual. The notice cited that the Company's average market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, the Company's last reported stockholders' equity was less than $50 million. As of June 27, 2023, the 30 trading-day average market capitalization was approximately $41 million, and its last reported stockholders' equity was approximately $20.5 million as of March 31, 2023.