Innovid Regains Compliance With NYSE Continued Listing Standards
Portfolio Pulse from Happy Mohamed
Innovid Corp. (NYSE:CTV) has regained compliance with the NYSE's continued listing standards for minimum share price under Section 802.01C of the NYSE Listing Company Manual. The company was previously not in compliance due to its average closing price being less than $1.00 per share over a 30 trading-day period. As of June 30, 2023, the company's average stock price had a closing share price of at least $1.00.
July 05, 2023 | 12:11 pm
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POSITIVE IMPACT
Innovid Corp. has regained compliance with the NYSE's listing standards, which could potentially boost investor confidence and positively impact the stock price in the short term.
Regaining compliance with NYSE's listing standards is a positive signal for Innovid Corp. as it indicates that the company's financial health is improving. This could potentially attract more investors, leading to an increase in demand for the stock and a rise in its price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100