The New York Stock Exchange (NYSE) has given Ambac Financial Group 10 days to respond to a notice issued late Wednesday warning the bond insurer it could be delisted for failing to maintain a minimum share value of $1.00 for the 30 trading days ending Dec. 8.

Ambac is the holding company of Ambac Assurance Corp. The NYSE notified David Wallis, president and chief executive officer of Ambac Financial, that it would be delisted if share prices don’t average more than $1.00 for a 30-day period within the next six months.

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