Nautilus Inc. on Friday said the New York Stock Exchange has accepted a compliance plan that will allow the company to stay listed on the exchange. The Vancouver-based maker of fitness equipment did not release details of the plan.
The company was notified in September that it faced being removed from the stock exchange because it had fallen below the exchange’s listing standards. Those standards require a company to have either an average global market capitalization of at least $50 million over 30 days or total stockholders’ equity of at least $50 million.
As of Friday, Nautilus’ market cap was $44.6 million — still below the NYSE’s threshold. Nevertheless, the company’s stock will continue to be listed, subject to quarterly reviews by the exchange to oversee the company’s progress through the first quarter of 2012.
Nautilus shares fell 2.7 percent, to $1.45 on Friday.
