Trinity Place Holdings Inc. Faces Delisting Concerns
Ticker: TPHS · Form: 8-K · Filed: Jul 31, 2024 · CIK: 724742
| Field | Detail |
|---|---|
| Company | Trinity Place Holdings Inc. (TPHS) |
| Form Type | 8-K |
| Filed Date | Jul 31, 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: TPHS
TL;DR
TPHS might get delisted - stock exchange rules are a problem.
AI Summary
Trinity Place Holdings Inc. filed an 8-K on July 31, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event reported on July 30, 2024. The company is based in New York, NY, and its principal executive offices are located at 340 Madison Avenue, Suite 3C.
Why It Matters
This filing indicates potential issues with Trinity Place Holdings Inc.'s compliance with stock exchange listing requirements, which could impact its stock's tradability and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading status and market perception.
Key Players & Entities
- Trinity Place Holdings Inc. (company) — Registrant
- July 31, 2024 (date) — Filing Date
- July 30, 2024 (date) — Earliest Event Date
- 340 Madison Avenue, Suite 3C, New York, New York 10173 (location) — Principal Executive Offices
FAQ
What specific listing rule or standard has Trinity Place Holdings Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Trinity Place Holdings Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the earliest date associated with the event reported in this 8-K?
The earliest date associated with the event reported in this 8-K is July 30, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on July 31, 2024.
What is the principal business address of Trinity Place Holdings Inc.?
The principal business address of Trinity Place Holdings Inc. is 340 Madison Avenue, Suite 3C, New York, New York 10173.
What is the Commission File Number for Trinity Place Holdings Inc.?
The Commission File Number for Trinity Place Holdings Inc. is 001-08546.
Filing Stats: 624 words · 2 min read · ~2 pages · Grade level 14.8 · Accepted 2024-07-30 19:23:48
Key Financial Figures
- $0.01 — nge on which registered Common Stock $0.01 Par Value Per Share TPHS NYSE Ameri
Filing Documents
- tm2420518d1_8k.htm (8-K) — 23KB
- 0001104659-24-084062.txt ( ) — 190KB
- tphs-20240730.xsd (EX-101.SCH) — 3KB
- tphs-20240730_lab.xml (EX-101.LAB) — 33KB
- tphs-20240730_pre.xml (EX-101.PRE) — 22KB
- tm2420518d1_8k_htm.xml (XML) — 3KB
01 Notice
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On July 30, 2024, Trinity Place Holdings Inc. (the "Company") received notice from the NYSE Regulation that it had suspended trading of the Company's common stock and determined to commence proceedings to delist the Company's common stock from the NYSE American as a result of its determination that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the Company's common stock. The Company has a right to a review of the staff's determination to delist the Company's common stock by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the NYSE American. The Company may request a review of the staff's determination and appeal this determination, however, there can be no assurance that the appeal will be successful. The NYSE will apply to the Securities and Exchange Commission to delist the Company's common stock pending completion of applicable procedures, including any appeal by the Company of the staff's determination. The Company's common stock is expected to begin trading under its current trading symbol "TPHS" on the OTC Pink Market operated on the OTC Markets system effective with the open of the markets on July 31, 2024. The Company intends to apply to have its common stock quoted on the OTCQB Venture Market on the OTC Markets; however, there can be no assurances that its common stock will be approved, or will continue, to be traded on such market.
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. TRINITY PLACE HOLDINGS INC. Date: July 31, 2024 /s/ Steven Kahn Steven Kahn Chief Financial Officer