The company, which specializes in commercial real estate debt, must resolve the price shortfall by January 24, 2027, to avoid potential delisting. Under NYSE rules, Lument can regain compliance if its common stock hits the $1.00 threshold on the final trading day of any calendar month during this period, provided it maintains that average for the preceding 30 days. Management is currently evaluating options to boost the share price, including the possibility of a reverse stock split. No formal decision on a specific recovery strategy has been finalized, and the company confirmed that trading will continue uninterrupted while it works to meet the exchange's standards.
Lument Finance Trust Faces NYSE Listing Deficiency
Lument Finance Trust has been flagged by the New York Stock Exchange for failing to maintain a minimum average closing price of $1.00 per share over a 30-day period. This notice of deficiency triggers a six-month cure window, though the company’s stock remains fully active on the exchange.
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