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| AVR > SEC Filings for AVR > Form 8-K on 22-Dec-2008 | All Recent SEC Filings |
22-Dec-2008
Notice of Delisting or Failure to Satisfy a Continued List
On December 17, 2008, Aventine Renewable Energy Holdings, Inc. (the "Company") received notice from the New York Stock Exchange (the "NYSE") that the Company's common stock price had fallen below the NYSE's continued listing standard relating to minimum share price. Rule 802.01C of the NYSE's listed company manual requires that the Company's common stock have a minimum average closing price of not less that $1.00 during a consecutive 30 trading-day period.
The Company will notify the NYSE that it intends to cure the deficiency. The 30 consecutive trading-day average share price of the Company's common stock must move back above $1.00 within six months from receipt of the NYSE notice, subject to possible extension, to regain compliance with the NYSE's share price condition, or it will be subject to suspension and de-listing procedures. Under the NYSE rules, the Company's common stock will continue to be listed on the NYSE during the cure period, subject to the Company's compliance with other NYSE continued listing requirements.
On December 22, 2008, the Company issued a press release announcing that the Company had received a continued listing standard notice from the NYSE. The press release is attached Exhibit 99.1 hereto and in incorporated herein by reference.
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