05:43 PM EST, 12/23/2024 (MT Newswires) -- Hyperscale Data ( GPUS/PD ) said late Monday it is not in compliance with the NYSE American's requirement of having at least $6 million in stockholders' equity.

The company has until Jan. 17 to submit a plan that shows how it intends to regain compliance by June 18, 2026.

Hyperscale Data ( GPUS/PD ) said the NYSE American will begin delisting procedures if it doesn't accept the company's plan, or if it doesn't make adequate progress.

The company said it is confident in submitting an acceptable plan to the NYSE American within the required timeframe.