Quantum Not in Compliance With New York Stock Exchange

Quantum Corp. announced that the New York Stock Exchange has notified the company that it is not in compliance with the NYSE’s continued listing standard requiring that stocks trade at a minimum average closing price of $1 for 30 consecutive trading days.

Under NYSE rules, Quantum has six months from receipt of the notification on Oct. 2, 2015, to comply with the listing standard. The company’s stock will continue to be listed on the NYSE during this six-month period, subject to compliance with other NYSE continued listing requirements.

The NYSE notification has no impact on Quantum’s business operations.