Natuzzi S.p.A. (NYSE:NTZ) ("Natuzzi" or the "Company") announced today that on May 20, 2026, the New York Stock Exchange (the "NYSE") notified the Company that it had accepted its plan to regain compliance with the NYSE's continued listing standards.
As previously reported, on January 6, 2026, the Company received a notice from the NYSE stating that it was no longer in compliance with the continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to market capitalization and shareholders' equity.
The Company submitted a compliance plan to the NYSE on April 6, 2026 and subsequently on May 18, 2026 advising how the Company intends to regain compliance with the continued listing standards within 18 months of January 6, 2026 (i.e., by July 6, 2027). The Company is subject to periodic review by the NYSE for compliance with the initiatives set forth in the plan. If the Company is not in compliance with the continued listing standards by July 6, 2027, or if it does not make progress consistent with the plan during the plan period, the NYSE may initiate delisting proceedings as appropriate. The Company intends to regain compliance with the NYSE's continued listing standards by such date; however, there is no assurance that the Company will be able to do so.