Blue Apron plan to regain compliance with market cap listing rule accepted by NYSE

Blue Apron (NYSE:APRN) said Thursday the NYSE accepted its plan to regain compliance with continued listing requirement of $50M average global market capitalization and stockholders' equity.
The company received non-compliance notice from NYSE late last year regarding its minimum average closing price, average global market cap and shareholders' equity.
Blue Apron (APRN) must regain compliance with the market cap and stockholders' equity requirement on or before June 21, 2024.
The company has till June 21 this year to cure the minimum share price deficiency.
Earlier, Blue Apron (APRN) tumbled after it announced a $70M ATM equity offering.