Allurion Technologies Plans To Appeal NYSE's Delisting Decision

Allurion Technologies, Inc. 0.00% Post

Allurion Technologies, Inc.

ALUR

0.00% Post

Allurion Technologies, Inc. (the "Company") (NYSE: ALUR), a pioneer in metabolically healthy weight loss, has received notice from the New York Stock Exchange (NYSE) that it intends to initiate delisting proceedings against Allurion after the Company was unable to demonstrate that it had regained compliance with Section 802.01B of the Listed Company Manual requiring listed companies to maintain either (i) at least $50 million in stockholders' equity or (ii) at least $50 million in total market capitalization on a 30-trading day average basis. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange (the "Committee").

Allurion intends to appeal, and the Company expects its common stock to continue to trade on the NYSE during the appeal process.

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