PARTS iD Receives Notice Of Non-compliance From NYSE American
Portfolio Pulse from Benzinga Newsdesk
PARTS iD, Inc. (NYSE:ID) has received a notice of non-compliance from the NYSE American due to its common stock selling at a low price for a substantial period. The company's continued listing depends on a reverse stock split or sustained price improvement by April 27, 2024. The company had previously received a notice for not complying with the listing standards related to stockholders' equity. The company's stock will continue to be listed while it evaluates its options.
November 02, 2023 | 9:40 pm
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PARTS iD, Inc. has received a non-compliance notice from NYSE American due to its low stock price. The company's listing depends on a reverse stock split or sustained price improvement by April 27, 2024.
The news of non-compliance from NYSE American due to low stock price could negatively impact investor sentiment and potentially lead to a further decrease in the stock price in the short term. The company's future on the NYSE American is uncertain, depending on whether it can improve its stock price or effect a reverse stock split by April 27, 2024.
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IMPORTANCE 80
RELEVANCE 100