C&D Technologies, Inc. announced that it has been notified by the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE’s continued listing standards. C&D Technolgies is considered below criteria established by the NYSE because the company’s average market capitalization has been less than $50 million over a consecutive 30 trading day period and our last reported shareholders’ equity was less than $50 million.
In accordance with NYSE procedures, the company has 45 days from receipt of the notice to submit a plan to the NYSE demonstrating how it intends to comply with the NYSE’s continued listing standards within 18 months. C&D Technologies intends to submit such a plan within the required time frame. During this time, C&D Technologies’ common stock will continue to be listed and traded on the NYSE, subject to our compliance with other NYSE continued listing requirements.
