loanDepot has six months to get its share price back above a dollar, and the remedy it names cannot be voted on until June

Two deadlines, and the later one is the one that matters.

loanDepot, Inc. said on Friday afternoon that the New York Stock Exchange had notified it that morning that it no longer meets Section 802.01C of the exchange's Listed Company Manual. The reason is the price criterion. The average closing price of the company's Class A common stock over a consecutive 30 trading-day period was below $1.00, measured as of 20 August.

Nothing happens immediately. The shares keep trading, the business is unaffected, and the reporting obligations to the Securities and Exchange Commission stand. What starts is a clock.

The six months, and the escape from it

The standard gives loanDepot six months from receipt to regain compliance, which runs to late February 2027. Getting out early is possible and the test is precise: on the last trading day of any calendar month inside that window, the stock has to close at $1.00 or better and to have averaged $1.00 or better over the 30 trading days ending that day. Both conditions, on the same day.

If the six months pass without that, the exchange begins procedures to suspend and delist.

The section then carries the sentence that changes the arithmetic. Where a company decides to cure the price by an action requiring shareholder approval, it has to tell the exchange, obtain that approval no later than its next annual meeting, and implement promptly afterwards. loanDepot says in its press release that it will consider available alternatives, including, if necessary, a reverse stock split, and that a split would be put to stockholders no later than at the next annual meeting, which it anticipates for early June 2027.

That is more than three months past the six-month date, and the rule as quoted in the filing permits it.

What the company put alongside the notice

The exchange notice concerns the share price and nothing else. The press release answers it with volumes.

Anthony Hsieh, named in the release as loanDepot's founder and chief executive, is quoted saying that in the last quarter "unit volume grew by 25%, revenue grew by 18%, and purchase market share grew by 33%", and describing an expansion into home equity lending and a return to the wholesale market. The release does not define the comparison period for those figures. It closes on the expectation that the share price will come to reflect the company's progress.

The next required step is procedural and quick. loanDepot has 10 business days from Friday to tell the exchange it intends to cure, and it says it will.