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GENERAL STEEL HOLDINGS INC FILES (8-K) Disclosing Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Other Events, Financial Statements and Exhibits

June 19, 2014



Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On June 13, 2014, General Steel Holdings, Inc., a Nevada corporation (the "Company") received a notice (the "NYSE Notice") from NYSE Regulations, Inc. that it is not in compliance with the continued listing standards set forth in Section 802.01C of the Listed Company Manual ("Section 802.01C") of the New York Stock Exchange, Inc. (the "NYSE"). Such noncompliance is based on the average closing price of the Company's common stock being less than $1.00 over a consecutive 30 trading-day period. The Company will provide the NYSE with the required response within 10 business days of its receipt of the NYSE Notice, stating its intent to cure this deficiency. On June 19, 2014, the Company also issued a press release announcing, among other things, its receipt of the NYSE Notice.

In accordance with the NYSE Notice, the Company has three months from the date of receipt of the NYSE Notice to achieve compliance with the continued listing standards of Section 802.01C. The Company's common stock will continue to be listed and traded on the NYSE during this three month cure period, subject to NYSE's discretion, under the symbol "GSI," but will continue to be assigned a ".BC" indicator by the NYSE to signify that the Company is not currently in compliance with the NYSE's continued listing standards. In the event that the Company fails to achieve compliance with the continued listing standards of Section 802.01C by the expiration of the three month cure period, the NYSE may commence suspension and delisting procedures.

ITEM 8.01. OTHER EVENTS.



On June 19, 2014, the Company issued a press release pertaining to the NYSE Notice referenced above. A copy of that press release is furnished as Exhibit 99.1 hereto and incorporated into this Item 8.01 by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits. Exhibit No. Description 99.1 Press Release issued on June 19, 2014


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Source: Edgar Glimpses


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