Better Choice Company Regains Compliance with NYSE American Listing Standards
TAMPA, Fla. – Better Choice Company, Inc. (NYSE American: BTTR), a leading player in the pet health and wellness industry, is pleased to announce that it has received formal notice from the NYSE American LLC confirming the Company’s full compliance with all continued listing standards as set forth in Part 10 of the NYSE American Company Guide. This achievement comes after the Company’s successful implementation of corrective actions to address the non-compliance issues.
Background
Better Choice had received a warning notice from the NYSE American on February 10, 2025, due to its failure to meet the continued listing standards regarding market capitalization and average daily trading volume. The Company then had 45 calendar days, or until April 2, 2025, to regain compliance.
Corrective Actions
In response to the warning notice, Better Choice took swift action to address the non-compliance issues. The Company conducted a series of strategic initiatives, including:
- Strengthening its balance sheet through a debt restructuring
- Implementing operational improvements to boost revenue and profitability
- Engaging with investors and shareholders to increase market awareness and support
These efforts resulted in significant improvements in the Company’s financial metrics, enabling it to regain compliance with the NYSE American listing standards before the deadline.
Impact on Shareholders
The regained compliance with the NYSE American listing standards is a positive development for Better Choice’s shareholders. It not only reduces the uncertainty surrounding the Company’s listing status but also signals to the market that Better Choice is taking the necessary steps to improve its financial performance and create long-term value for its stakeholders.
Impact on the Industry
Better Choice’s successful return to compliance with the NYSE American listing standards is a testament to the Company’s commitment to its investors and the pet health and wellness industry. This achievement is expected to boost investor confidence in the sector as a whole, potentially leading to increased capital inflows and further growth opportunities for other companies in the industry.
Conclusion
In conclusion, Better Choice Company’s regained compliance with the NYSE American listing standards is a significant milestone for the Company and its stakeholders. The successful implementation of corrective actions has not only addressed the non-compliance issues but also underscores Better Choice’s dedication to its long-term growth and value creation. For shareholders, this development reduces uncertainty and reinforces the potential for future value creation. For the pet health and wellness industry, it sends a positive signal of investor confidence and growth opportunities.
Better Choice remains committed to its mission of providing high-quality pet health and wellness solutions. With a solid financial foundation, operational improvements, and a renewed focus on growth, the Company is well-positioned to capitalize on the significant opportunities in the pet health and wellness market.
