Ambow Education, the principal owner of the New School of Architecture and Design (NSAD) in San Diego has been cited
by the New York Stock Exchange as a Non Compliant Issuer and risks imminent delisting from the exchange. The warning was delivered on September 21, but the company has yet to notify
its shareholders.
The Higher Education Inquirer reported on Ambow's financial problems in May 2022.
In January 2023, Ambow Education's other US school, Bay State College, lost its regional accreditation. After losing its appeal with its accreditor NECHE, Bay State College closed its doors in August. NewSchool of Architcture and Design remains open with less than 300 students. NSAD is currently on Heightened Cash Monitoring by the US Department of Education due to ongoing financial problems.
4 comments:
The weak educational organizations are starting to fall apart even before the 2027-2030 student contraction begins, just because of the strains of COVID-19 and a now-fragile economy.
Check out Barnes & Noble Education. https://seekingalpha.com/symbol/BNED
How is the place still operating 🤯🤯🤯
We need more visibility- see you on Reddit
https://www.reddit.com/r/newschoolsandiego/s/FU6fK2TNFS%0A
We're on it.
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