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The American Stock Exchange gave ATC Healthcare Inc. (AMEX: AHN) until Jan. 9, 2009 to make changes to avoid delisting, the company said today.
ATC said in July it received a deficiency notice notifying the company it fell below exchange rules requiring companies with losses in three of their four most recent fiscal years maintain $4 million or more in shareholder equity and that those with losses in their five most recent fiscal years maintain $6 million or more in shareholder equity.
The company said the exchange will monitor its progress in regaining compliance. Lack of progress could result in delisting from the American Stock Exchange.