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Gencor Industries Inc. (NYSE American:GENC), a $249 million market cap industrial manufacturer with strong financial health metrics according to InvestingPro, announced Monday that it has regained compliance with NYSE American LLC continued listing standards following the timely filing of its previously delayed financial reports. The company’s stock has shown remarkable strength recently, gaining over 13% in the past week.
According to a press release statement, the company received a notification letter from NYSE on Friday confirming that Gencor Industries is now compliant with Section 1007 of the NYSE American Company Guide and will be removed from the exchange’s late filers’ list.
The company had previously disclosed that on January 3, NYSE Regulation notified Gencor Industries that it was not in compliance with continued listing standards due to its failure to file its Annual Report on Form 10-K for the fiscal year ended September 30, 2024, by the extended deadline of December 31, 2024. As a result, the company was subject to procedures outlined in Section 1007 of the NYSE American Company Guide.
NYSE American rules provided Gencor Industries with an initial six-month period from the missed filing deadline to regain compliance by submitting its required reports. On June 10, Gencor submitted an extension request to the exchange, seeking additional time to complete its Quarterly Reports on Form 10-Q for the periods ended December 31, 2024, and March 31, 2025.
On June 24, NYSE approved the extension request, granting Gencor a plan period through August 19 to submit the outstanding filings. Gencor filed its delayed Annual Report on June 27 and submitted both Quarterly Reports on July 25, ahead of the new deadline.
The company’s common stock continues to be listed on NYSE American under the symbol GENC. All information in this article is based on a statement provided in a recent SEC filing.
In other recent news, Gencor Industries announced it has received an extension from NYSE American LLC to regain compliance with the exchange’s listing standards. The company now has until August 19, 2025, to submit its overdue financial reports, which include the Annual Report for the fiscal year ending September 30, 2024, and Quarterly Reports for the periods ending December 31, 2024, and March 31, 2025. This development follows Gencor Industries’ failure to meet the initial filing deadlines, which put them out of compliance with NYSE American listing requirements. Additionally, Gencor Industries has scheduled its annual shareholder meeting for September 26, 2025. Shareholders of record as of August 11, 2025, will be eligible to receive notice and vote at this meeting. The exact time and location will be disclosed in a definitive proxy statement to be filed with the Securities and Exchange Commission. These recent developments highlight the company’s ongoing efforts to address compliance issues while engaging with shareholders.
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