ORLANDO, Fla., June 7, 2023 /PRNewswire/ -- Tupperware Brands Corporation (NYSE: TUP) ("Tupperware" or the "Company") announced today that it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") on June 1, 2023 indicating the Company is not in compliance with Sections 802.01B and 802.01C of the NYSE Listed Company Manual because (i) the Company's average global market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, its last reported stockholders' equity was less than $50 million, and (ii) the average closing price of the Company's common stock was less than $1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the common stock on the NYSE, subject to the Company's compliance with the NYSE's other continued listing requirements.
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