Castlight Health Regains Compliance with NYSE Continued Listing Standards
SAN FRANCISCO, Sept. 3, 2020 /PRNewswire/ -- Castlight Health, Inc. (NYSE: CSLT) today announced that on September 1st, 2020, Castlight was notified by the New York Stock Exchange ("NYSE") that it has regained compliance with the NYSE's continued listing standards.
On March 30, 2020, Castlight received notification from the NYSE that the Company was no longer in compliance with the 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.
Castlight regained compliance after its average closing price for the 30 trading days ended August 31st, 2020 and its closing price on August 31st, 2020 both exceeded $1.00 per share.
Maeve O'Meara, chief executive officer of Castlight, stated, "We are pleased to have regained compliance with the NYSE's continued listing standards. Castlight hasn't wavered from its mission of making it as easy as possible to navigate healthcare, which is especially essential during the COVID-19 pandemic. During the past six months, we continued to innovate and deliver timely solutions such as the first national COVID-19 testing site directory, which powers Google Search and Google Maps as well as multiple state and local health departments. In addition, Castlight launched Working Well, a comprehensive solution supporting employers, colleges, universities, and school systems in bringing people back-to-work safely amidst the rapidly shifting landscape of the pandemic and is supporting multiple organizations live on Working Well today."
About Castlight Health
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Castlight Investor Relations: IR@castlighthealth.com, 443-213-0500
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SOURCE Castlight Health, Inc.
Company Codes: NYSE:CSLT