Daxor Corp Faces NYSE Delisting Risk
Ticker: DXR · Form: 8-K · Filed: Jun 5, 2024 · CIK: 27367
| Field | Detail |
|---|---|
| Company | Daxor Corp (DXR) |
| Form Type | 8-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, compliance
Related Tickers: DAXR
TL;DR
DAXR got a warning from NYSE, needs to fix things by June 28 or get booted.
AI Summary
Daxor Corporation (DAXR) received a notice on May 30, 2024, indicating it failed to meet the continued listing standards of the NYSE American. The company has until June 28, 2024, to submit a plan to regain compliance. Failure to do so could result in delisting.
Why It Matters
This filing signals potential delisting from the NYSE American, which could significantly impact the liquidity and trading of Daxor's stock.
Risk Assessment
Risk Level: high — The company is at high risk of being delisted from the NYSE American if it cannot regain compliance with listing standards.
Key Numbers
- June 28, 2024 — Compliance Deadline (Daxor must submit a plan to regain compliance with NYSE American listing standards by this date.)
Key Players & Entities
- Daxor Corporation (company) — Registrant
- DAXR (company) — Ticker Symbol
- NYSE American (company) — Listing Exchange
- May 30, 2024 (date) — Date of Notice
- June 28, 2024 (date) — Compliance Plan Deadline
FAQ
What specific continued listing standards did Daxor Corporation fail to meet?
The filing states that Daxor Corporation received a notice of failure to meet continued listing standards, but does not specify which particular standards were not met.
What is the deadline for Daxor Corporation to submit a plan to regain compliance?
Daxor Corporation has until June 28, 2024, to submit a plan to the NYSE American to regain compliance with its continued listing standards.
What are the potential consequences if Daxor Corporation fails to regain compliance?
If Daxor Corporation fails to submit an acceptable plan or regain compliance, its securities may be delisted from the NYSE American.
Has Daxor Corporation previously received notices regarding listing standards?
This filing does not provide information on whether Daxor Corporation has received previous notices regarding listing standards.
What is the principal executive office address of Daxor Corporation?
The principal executive offices of Daxor Corporation are located at 109 Meco Lane, Oak Ridge, TN 37830.
Filing Stats: 479 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-06-05 16:10:05
Key Financial Figures
- $0.01 — ange on which registered Common Stock $0.01 par value DXR Nasdaq Indicate by
Filing Documents
- form8-k.htm (8-K) — 35KB
- 0001493152-24-022735.txt ( ) — 202KB
- dxr-20240530.xsd (EX-101.SCH) — 3KB
- dxr-20240530_lab.xml (EX-101.LAB) — 33KB
- dxr-20240530_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. DAXOR CORPORATION (Registrant) Date: June 5, 2024 By: /s/ Robert J. Michel Name: Robert J. Michel Title: Chief Financial Officer