System1 Receives Notice of Non-Compliance with New York Stock Exchange Listing Rules

Core Viewpoint - System1, Inc. is currently not in compliance with NYSE listing standards due to its market capitalization and stockholder's equity being below $50 million, and it has 18 months to address these deficiencies [1][2]. Group 1: Compliance Issues - The company was notified by the NYSE that its 30 trading-day average market capitalization was less than $50 million [1]. - As of September 30, 2025, the last reported stockholder's equity was also less than $50 million [1]. - System1 has a period of 18 months to cure these deficiencies, pending NYSE's approval of its business plan [1]. Group 2: Business Plan Submission - The company plans to notify the NYSE by December 22, 2025, of its intention to submit a business plan by January 22, 2026 [2]. - The business plan aims to address the market capitalization and stockholder's equity deficiencies to regain compliance with NYSE standards [2]. - System1 will consider all available alternatives to rectify the identified deficiencies [2]. Group 3: Company Overview - System1 operates several flagship brands across various consumer verticals, including shopping, travel, and search [3]. - The company utilizes an AI and machine learning-powered customer acquisition and marketing platform [3]. - Its platform is designed to deliver high-intent customers to advertising partners, maximizing their reach and effectiveness [3].