Six Flags' market cap falls below NYSE standards

NEW YORK - Theme park operator Six Flags Inc. said Friday it has received notice that its market capitalization has fallen below the required threshold for continued listing on the New York Stock Exchange.

Six Flags said the thirty-day average market capitalization of its common stock has fallen below $75 million. Also, the stockholders' equity on the company's balance sheet has been less than $75 million.

Six Flags has 45 days to submit a proposal for regaining compliance within 18 months. The company said it plans to consider its options to regain compliance and submit a proposal by the deadline.

If the proposal is accepted and Six Flags remains compliant with other listing standards, the New York-based company's shares will remain listed for the 18-month period.

Six Flags noted that failure to be listed on the NYSE does not constitute a default under any of the company's debt agreements.

Six Flags shares gained 2 cents to 34 cents on Friday. The stock has traded between 25 cents and $3.29 during the past 52 weeks.

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