KORE Receives Continued Listing Standard Notice From NYSE
Portfolio Pulse from Happy Mohamed
KORE Group Holdings, Inc. (NYSE:KORE) has received a notice from the New York Stock Exchange (NYSE) for not complying with the continued listing standards. The average closing price of KORE's common stock was less than $1.00 per share over a consecutive 30 trading-day period. KORE intends to respond to the NYSE within ten business days and has a six-month period to regain compliance with the NYSE's minimum share price requirement.
September 06, 2023 | 8:08 pm
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KORE Group Holdings, Inc. has received a notice from NYSE for not complying with the continued listing standards due to its average closing price being less than $1.00 per share over a 30-day period. KORE has six months to regain compliance.
The news of KORE not complying with the NYSE's continued listing standards due to its average closing price being less than $1.00 per share over a 30-day period is negative. This could potentially lead to a decrease in investor confidence and a drop in the stock price. However, KORE has six months to regain compliance, which could mitigate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100