Nautilus, Inc. Announces Receipt Of Notice Of Non-Compliance With NYSE Trading Share Price Listing Rule
Portfolio Pulse from Benzinga Newsdesk
Nautilus, Inc. (NYSE:NLS) has received a notice of non-compliance from the New York Stock Exchange (NYSE) due to its average closing price being less than $1.00 per share over a consecutive 30 trading-day period. The company has six months to regain compliance with the minimum share price requirement. The notice does not affect the company's business, operations, or reporting requirements with the Securities and Exchange Commission.
September 27, 2023 | 8:16 pm
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Nautilus, Inc. (NYSE:NLS) has received a notice of non-compliance from NYSE due to its average closing price being less than $1.00 per share. The company has six months to regain compliance.
The notice of non-compliance from NYSE is a significant event for Nautilus, Inc. It indicates that the company's stock price has been underperforming, which could negatively impact investor sentiment and potentially lead to further price declines. The company has six months to regain compliance, which introduces a level of uncertainty that could also negatively impact the stock price in the short term.
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