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NTN Buzztime regains NYSE compliance

NYSE Regulation sent a letter to NTN Buzztime Inc. on Dec. 14 stating that the company regained compliance with all of the NYSE American listing requirements, the company said in a Dec. 17 SEC filing.

The company received a noncompliance notice in March after it reported stockholders' equity of less than $6 million as of Dec. 31, 2017, and had net losses in five of its most recent fiscal years ended Dec. 31, 2017. NTN Buzztime said it resolved its listing deficiency related to the amount of stockholders equity.

NYSE American will continue to examine the relationship between the incidents of noncompliance and re-evaluate the company's method of financial recovery if the company is determined to be below any of the listing standards within 12 months, according to the filing.

Earlier this month, NTN Buzztime's board said it is exploring options, including a potential acquisition of the company or its assets, to maximize shareholder value.