CEL-SCI receives noncompliance letter from NYSE
CEL-SCI reported on a communication received from the staff of the NYSE, its current listing exchange, that it considered the company to be noncompliant with certain listing requirements based on its quarterly report for the period ended March 31. The company has been given the opportunity to maintain its listing by submitting a plan of compliance by August 13. This plan must advise of actions the company has taken or will take to regain compliance with the continued listing standards by January 14, 2019. The company intends to submit such a plan by August 13. Based on the company's quarterly report on Form 10-Q for the period ended March 31, the company is below compliance with Section 1003 of the listing requirements of the exchange since it reported a stockholders' equity deficit as of March 31 and had net losses in its 5 most recent fiscal years ended September 30, 2017.