StoneMor Inc. Announces Compliance With NYSE Listing Standards
December 23 2020 - 4:57PM
StoneMor Inc. (NYSE: STON) (“StoneMor” or the
“Company”), a leading owner and operator of cemeteries and
funeral homes, announced today that it received notification from
the New York Stock Exchange ("NYSE") on December 23, 2020 that the
Company has regained compliance with the NYSE continued listing
criteria that requires listed companies to maintain an average
closing share price of at least $1.00 over a consecutive 30
trading-day period. The Company also remains in compliance with all
other NYSE continued listing standard rules.
As of December 23, 2020, the last day of the
Company’s cure period for compliance with the minimum price
condition, StoneMor had a closing share price of $2.58 and an
average closing share price of $1.495 over the preceding 30
trading-day period.
About StoneMor Inc.
StoneMor Inc., headquartered in Trevose,
Pennsylvania, is an owner and operator of cemeteries and funeral
homes in the United States, with 320 cemeteries and 90 funeral
homes in 27 states and Puerto Rico.
StoneMor’s cemetery products and services, which
are sold on both a pre-need (before death) and at-need (at death)
basis, include: burial lots, lawn and mausoleum crypts, burial
vaults, caskets, memorials, and all services which provide for the
installation of this merchandise. For additional information about
StoneMor Inc. please visit StoneMor’s website, and the investors
section, at http://www.stonemor.com.
Contact:Investor
Relations215-826-4438
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