Innovid Receives NYSE Continued Listing Standards Notice
Portfolio Pulse from Happy Mohamed
Innovid Corp. (NYSE:CTV) received a notice from the NYSE for non-compliance with Section 802.01C due to its average closing price being below $1.00 per share over a 30 trading-day period. The company plans to cure the deficiency and return to compliance within a six-month period.
May 19, 2023 | 12:10 pm
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Innovid Corp. received a NYSE non-compliance notice due to its average closing price being below $1.00 per share. The company plans to return to compliance within a six-month period.
Innovid Corp. received a notice from the NYSE for non-compliance with Section 802.01C due to its average closing price being below $1.00 per share over a 30 trading-day period. This may negatively impact the stock price in the short term as investors may perceive it as a sign of financial instability. However, the company plans to cure the deficiency and return to compliance within a six-month period, which may mitigate the negative impact over time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100