Logan Ridge Finance Corp. has announced a regulatory development concerning its compliance with stock exchange listing requirements. The company has filed a notice of delisting or failure to satisfy a continued listing rule, which may impact its stock's status on the exchange. This comes amid a series of corporate actions, including the termination of a material definitive agreement related to a merger plan with Portman Ridge Finance Corporation. The merger agreement, initially set in January 2025, also involved a side letter agreement that included a pre-closing cash payment to shareholders. The delisting notice indicates that Logan Ridge Finance Corp. is addressing challenges in maintaining its listing status, although further details about specific rule violations were not disclosed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.