Regis requests hearing to fight delisting proceedings

  • Regis shares rise after requesting oral hearing for NYSE delisting appeal
  • Stock up 15% in premarket trading
  • Shares have fallen 57% year-to-date
  • Regis to present compliance plan at hearing
  • Continuing to evaluate listing options
  • Stock will remain listed and traded during appeal

Shares of Regis rose 15% in premarket trading after the company announced it had requested an oral hearing to appeal the New York Stock Exchange’s decision to start delisting proceedings. The stock has experienced a 57% decline year-to-date. Regis, a hair-salon operator based in Minneapolis, plans to present a compliance plan at the hearing and is actively exploring other listing options. Despite the delisting process, Regis’ stock will continue to be listed and traded on the exchange while the appeal is pending.

Public Companies: Regis (N/A), New York Stock Exchange (N/A)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides factual information about Regis requesting an oral hearing for the delisting proceedings of its stock, the rise in stock price, the fall in shares year-to-date, and the company’s plan of compliance. The article also mentions the reason for the delisting process and the status of the stock during the appeal. There are no digressions, misleading information, sensationalism, redundancy, or opinion masquerading as fact. The article is concise and provides relevant information.

Noise Level: 3
Justification: The article provides relevant information about Regis requesting an oral hearing for the delisting proceedings of its stock. It also mentions the stock’s performance and the reason for the delisting process. However, it lacks in-depth analysis, scientific rigor, and actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: New York Stock Exchange

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial topic of Regis requesting an oral hearing for the New York Stock Exchange’s decision to start delisting proceedings for its stock. There is no mention of an extreme event or its impact.

Reported publicly: www.marketwatch.com