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Milestone Scientific Inc. (NYSE American:MLSS) announced it received a letter from NYSE American stating the company is not in compliance with the continued listing standards under Sections 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide.
According to a press release statement included in a filing with the Securities and Exchange Commission, the notification was received on October 8. To maintain its listing, Milestone Scientific must submit a plan of compliance to the exchange by November 7, 2025. The plan should outline the actions the company has taken or intends to take to regain compliance with the listing standards.
If the plan is accepted by NYSE American, Milestone Scientific may continue its listing, but will be subject to periodic reviews by the exchange. If the plan is not accepted, or if the company does not make sufficient progress or fails to regain compliance by April 8, 2027, the exchange will begin delisting procedures as appropriate.
The company stated its management is evaluating options to address the deficiency and intends to submit a compliance plan before the deadline set by the exchange.
Milestone Scientific is incorporated in Delaware and is based in Livingston, New Jersey. The information is based on a press release statement included in the company’s SEC filing.
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