Logan Ridge Finance Corp. Announces Termination of Key Agreement and Faces Delisting Notice for Listing Rule Non-Compliance
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Logan Ridge Finance Corp. has announced the termination of a key merger agreement with Portman Ridge Finance Corporation and received a delisting notice for failing to comply with stock exchange listing requirements. This regulatory development raises concerns about the company's ability to maintain its listing status, although specific rule violations were not disclosed. The merger, initially planned for January 2025, included a pre-closing cash payment to shareholders. The company is currently addressing these challenges.
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