Notice2026-12031
Self-Regulatory Organizations; NYSE American LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 3, To Amend Section 1003 of the NYSE American Company Guide
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 16, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 115 (Tuesday, June 16, 2026)</title>
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[Federal Register Volume 91, Number 115 (Tuesday, June 16, 2026)]
[Notices]
[Page 36212]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-12031]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-105666; File No. SR-NYSEAMER-2025-72]
Self-Regulatory Organizations; NYSE American LLC; Notice of
Designation of a Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 3, To Amend Section 1003 of the NYSE American
Company Guide
June 11, 2026.
On December 3, 2025, NYSE American LLC (``NYSE American'' or the
``Exchange'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to Section 19(b)(1) of the Securities
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a
proposed rule change to amend Section 1003 of the NYSE American Company
Guide (``Company Guide''). The proposed rule change was published for
comment in the Federal Register on December 17, 2025.\3\ On January 22,
2026, the Exchange filed Amendment No. 1 to the proposed rule change,
which replaced and superseded the original proposed rule change in its
entirety.\4\ On January 28, 2026, pursuant to Section 19(b)(2) of the
Act,\5\ the Commission designated a longer period within which to take
action on the proposed rule change.\6\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 104386 (Dec. 12,
2025), 90 FR 58648. Comments received on the proposed rule change
are available at: <a href="https://www.sec.gov/rules-regulations/public-comments/sr-nyseamer-2025-72">https://www.sec.gov/rules-regulations/public-comments/sr-nyseamer-2025-72</a>.
\4\ In Amendment No. 1, the Exchange: (1) clarified the
Exchange's authority to suspend or delist a security; (2) specified
that an issuer subject to delisting under the proposal, and under
Sections 1003(f)(vi) and (vii) of the Company Guide, would not be
eligible to follow the procedures in Section 1009 of the Company
Guide; (3) provided additional description of certain aspects of the
proposal; and (4) made other technical and non-substantive changes.
The full text of Amendment No. 1 can be found on the Commission's
website at <a href="https://www.sec.gov/comments/sr-nyseamer-2025-72/srnyseamer202572-696287-2176995.pdf">https://www.sec.gov/comments/sr-nyseamer-2025-72/srnyseamer202572-696287-2176995.pdf</a> (``Amendment No. 1'').
\5\ 15 U.S.C. 78s(b)(2).
\6\ See Securities Exchange Act Release No. 104704, 91 FR 4696
(Feb. 2, 2026). The Commission designated March 17, 2026, as the
date by which the Commission shall approve or disapprove, or
institute proceedings to determine whether to disapprove, the
proposed rule change.
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On February 25, 2026, the Exchange filed Amendment No. 2 to the
proposed rule change, which superseded the original proposed rule
change, as modified by Amendment No. 1, in its entirety.\7\ On March 6,
2026, the Exchange filed Amendment No. 3 to the proposed rule change,
which superseded the original proposed rule change, as modified by
Amendment No. 2, in its entirety.\8\ On March 17, 2026, the Commission
published notice of Amendment No. 3 and instituted proceedings under
Section 19(b)(2)(B) of the Act \9\ to determine whether to approve or
disapprove the proposed rule change, as modified by Amendment No.
3.\10\
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\7\ In Amendment No. 2, the Exchange: (1) provided additional
explanation of certain aspects of the proposal; and (2) made other
technical and non-substantive changes. The full text of Amendment
No. 2 can be found on the Commission's website at <a href="https://www.sec.gov/comments/sr-nyseamer-2025-72/srnyseamer202572-715787-2239694.pdf">https://www.sec.gov/comments/sr-nyseamer-2025-72/srnyseamer202572-715787-2239694.pdf</a> (``Amendment No. 2'').
\8\ In Amendment No. 3, the Exchange: (1) removed the proposed
addition of Section 1003(b)(i)(D) of the Company Guide by which an
issuer that is determined to have an average market capitalization
over a consecutive 30 trading-day period of less than $5,000,000
would be subject to immediate suspension and delisting (``Minimum
Market Capitalization''); (2) removed a proposed modification to
Section 1009 of the Company Guide with regard to the Minimum Market
Capitalization criteria; and (3) made other technical and
nonsubstantive changes. The full text of Amendment No. 3 can be
found on the Commission's website at <a href="https://www.sec.gov/comments/sr-nyseamer-2025-72/srnyseamer202572-719747-2253335.pdf">https://www.sec.gov/comments/sr-nyseamer-2025-72/srnyseamer202572-719747-2253335.pdf</a> (``Amendment
No. 3'').
\9\ 15 U.S.C. 78s(b)(2)(B).
\10\ See Securities Exchange Act Release No. 105034, 91 FR 13648
(Mar. 20, 2026).
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Section 19(b)(2) of the Act \11\ provides that, after initiating
proceedings, the Commission shall issue an order approving or
disapproving the proposed rule change not later than 180 days after the
date of publication of notice of filing of the proposed rule change.
The Commission may extend the period for issuing an order approving or
disapproving the proposed rule change, however, by not more than 60
days if the Commission determines that a longer period is appropriate
and publishes the reasons for such determination. The proposed rule
change was published for comment in the Federal Register on December
17, 2025.\12\ The 180th day after publication of the proposed rule
change is June 15, 2026. The Commission is extending the time period
for approving or disapproving the proposed rule change, as modified by
Amendment No. 3, for an additional 60 days.
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\11\ 15 U.S.C. 78s(b)(2).
\12\ See supra note 3 and accompanying text.
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The Commission finds that it is appropriate to designate a longer
period within which to issue an order approving or disapproving the
proposed rule change, as modified by Amendment No. 3, so that it has
sufficient time to consider the proposed rule change, as modified by
Amendment No. 3, and the issues raised therein, as well as the comments
received. Accordingly, the Commission, pursuant to Section 19(b)(2) of
the Act,\13\ designates August 14, 2026, as the date by which the
Commission shall either approve or disapprove the proposed rule change,
as modified by Amendment No. 3 (File No. SR-NYSEAMER-2025-72).
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\13\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\14\
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\14\ 17 CFR 200.30-3(a)(57).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-12031 Filed 6-15-26; 8:45 am]
BILLING CODE 8011-01-P
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