On Deck Capital Inc., an online lender for small businesses name, said it was notified by the New York Stock Exchange that it no longer meets listing standards, which require a minimum average closing price of $1 a share price for 30 consecutive days. 

The company, which operates under the name OnDeck, notified NYSE that it intends to return to compliance. The company normally has six months to get back into compliance, however with the COVID-19 pandemic, the cure period has been extended to Jan. 1, 2021.

A spokesman for the company said OnDeck plans to resume lending in June, in an email. Shares of the company were trading at $1.36 a share by late morning today.

During the cure period, the company plans to continue trading under the ONDK symbol, but will have a designation of ".BC" to indicate the below compliance symbol. 

The company said the notice does not impact its business operations, its reporting requirements with the Securities and Exchange Commission or its debt obligations.