MariaDB Receives NYSE Continued Listing Standards Notice
Portfolio Pulse from Happy Mohamed
MariaDB plc (NYSE:MRDB) has received a notice from the New York Stock Exchange (NYSE) for not complying with Section 802.01C of the NYSE Listed Company Manual. The company's average closing price was less than $1.00 per share over a consecutive 30 trading-day period. MariaDB intends to regain compliance within a six-month cure period.
June 30, 2023 | 8:40 pm
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MariaDB's non-compliance with NYSE listing standards due to low share price could potentially impact investor confidence and the company's stock price.
The NYSE notice indicates that MariaDB's share price has been consistently low, which could negatively impact investor confidence and further depress the stock price. However, the company's intent to regain compliance within the six-month cure period could mitigate some of these potential negative effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100