Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer Listing.
On June 11, 2020, the NYSE Regulation Inc. ("NYSE Regulation") notified us that
it has accepted our plan to regain compliance with Section 1003(a)(iii) of the
NYSE American Company Guide (the "Company Guide") and granted us a plan period
through September 27, 2021 to regain compliance. As previously reported, we are
not in compliance with Section 1003(a)(iii) because we reported stockholders'
equity of less than $6 million as of December 31, 2019 and had net losses in
five of our most recent fiscal years ended December 31, 2019.
On June 11, 2020, NYSE Regulation also notified us that we are not in compliance
with Section 1003(a)(ii) of the Company Guide because we reported stockholders'
equity of less than $4.0 million as of March 31, 2020 and had net losses in five
of our most recent fiscal years ended December 31, 2019.
The listing of our common stock on the NYSE American is being continued during
the plan period pursuant to an extension. The NYSE Regulation staff will review
us periodically for compliance with initiatives outlined in our plan. If we are
not in compliance with Sections 1003(a)(ii) and (iii) by September 27, 2021 or
if we do not make progress consistent with our plan during the plan period, NYSE
Regulation staff will initiate delisting proceedings as appropriate.
We can give no assurances that we will be able to maintain the listing of our
common stock on the NYSE American. Our common stock could be delisted because we
do not make progress consistent with our plan during the plan period, because we
do not regain compliance with Sections 1003(a)(ii) and (iii) by September 27,
2021, or because we fall below compliance with other NYSE American listing
standards.
On June 15, 2020, we issued a press release announcing the receipt of the letter
described in this Item 3.01, a copy of which is attached as an exhibit to this
report and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Document
99.1 Press Release of NTN Buzztime, Inc. dated June 15, 2020.
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NTN BUZZTIME, INC. 
