Benzinga | Nov 22, 2021 08:37AM EST

CPI Aerostructures Reports NYSE American Acceptance Of Compliance Plan

CPI Aerostructures, Inc. ("CPI Aero(r)" or "Company") (NYSE:CVU) announced that on November 19, 2021 the Company received notice from NYSE American LLC (the "Exchange") that it has accepted the Company's plan to regain compliance with the Exchange's continued listing standards set forth in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide and has granted a plan period through March 17, 2023, subject to periodic review by the Exchange, including quarterly monitoring, for compliance with the plan.

If the Company does not comply with the continued listing standards by March 17, 2023, or if the Company does not make progress consistent with the plan during the plan period, the NYSE Regulation staff may initiate delisting proceedings as appropriate.

The Company's common stock continues to trade under the symbol "CVU" with a ".BC" indicator extension to signify that the Company is currently not considered to be in compliance with the Exchange's continued listing standards. The listing of the Company's common stock on the Exchange is being continued pursuant to an extension during the plan period.