loanDepot, Inc. (LDI) announced it received a notice from the New York Stock Exchange (NYSE) on August 21, 2026, indicating it is not in compliance with the exchange's continued listing standards. The non-compliance is due to the average closing price of its Class A Common Stock falling below $1.00 per share over a consecutive 30-day trading period. The notice has no immediate impact on the stock's listing or the company's business operations.
Key Details
- Notice Reason: The average closing price of LDI's Class A Common Stock was below the $1.00 minimum required by NYSE Section 802.01C for a 30-day period.
- Cure Period: The company has a six-month period following the notice to regain compliance. This requires the stock to have both a closing price and a 30-day average closing price of at least $1.00.
- Company Response: LDI intends to notify the NYSE of its plan to cure the deficiency and is considering all available options, including a potential reverse stock split, to regain compliance.