Getty Images Delists From NYSE, Shares Begin Trading Over The Counter Market
Getty Images Holdings Inc’s. (OTC: GETY ) Class A common stock has been delisted from the New York Stock Exchange, according to the company’s filing Friday with the U.S. Securities and Exchange Commission (SEC). According to an SEC filing dated Friday, Oct. 2, the NYSE said it had reasonable grounds to conclude that the filing met applicable Securities and Exchange Commission requirements. What NYSE Said The exchange stated in its notice that it had determined, as per NYSE Regulation, that Getty’s Class A common stock no longer meets its listing standards because of its "abnormally low selling price." Read Also: Sam Altman Warns Giving AI 'Religious Force' Could Be a 'Real Safety Issue:' 'Very Uncomfortable' The NYSE also said Getty complied with exchange rules and the requirements related to the company’s voluntary withdrawal of its common stock from listing and registration. In its Sept. 29 notice, the NYSE had stated that trading in the GETY stock would be suspended immediately. GETY Avoids Default With Last-Minute Payment Getty avoided a default with a last-minute payment of interest due on its 9.75% notes due 2027 and 14% notes due 2028 on Sept. 30. While the interest payments
Getty Images Holdings Inc’s. S. Securities and Exchange Commission (SEC). According to an SEC filing dated Friday, Oct.
2, the NYSE said it had reasonable grounds to conclude that the filing met applicable Securities and Exchange Commission requirements. " Read Also: Sam Altman Warns Giving AI 'Religious Force' Could Be a 'Real Safety Issue:' 'Very Uncomfortable' The NYSE also said Getty complied with exchange rules and the requirements related to the company’s voluntary withdrawal of its common stock from listing and registration. In its Sept. 29 notice, the NYSE had stated that trading in the GETY stock would be suspended immediately.
75% notes due 2027 and 14% notes due 2028 on Sept. 30. While the interest payments were originally due Sept. 1, Getty made them within the applicable 30-day grace period.
Getty Reportedly in Talks With Lenders According to a Bloomberg report citing people familiar with the matter, Getty is in talks with lenders to inject fresh money into the company. The report states that the negotiations center around potential lenders taking control of Getty through a potential bankruptcy, with the Getty family also said to be considering taking part in the capital infusion. 042 apiece. 42 million, according to Pro data.
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