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
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.
99.1 Press Release issued on June 19, 2014