CPI Aerostructures Receives Extension to Cure Non-Compliance from NYSE
EDGEWOOD, N.Y., Oct. 16, 2020 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) announced that, on October 15, 2020, it received a notice from the NYSE American LLC (“Exchange”) informing CPI Aero that the Exchange had accepted CPI Aero’s plan to regain compliance with the Exchange standard for continued listing of its common stock under the timely filing criteria included in Section 1007 of the NYSE American Company Guide. The Exchange has granted CPI Aero additional three-month period, or until January 15, 2021, to file its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2020 and September 30, 2020 and to regain compliance with the timely filing criteria. The notification from the Exchange has no immediate effect on the listing or trading of the Company’s common stock. If the Company fails to file such Forms 10-Q on or before January 15, 2021, the Exchange may, in its sole discretion, allow the Company's common stock to trade for up to an additional three months.
About CPI Aero
The above statements include forward looking statements that involve risks and uncertainties. Such forward-looking statements may relate to, among other things, CPI Aero’s continued efforts and ability to regain and maintain compliance with the NYSE American Company Guide and the timing of the filing of CPI Aero’s Form 10-Qs. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. CPI Aero does not undertake any obligation to update forward-looking statements as a result of new information, future events or developments or otherwise.