Hyliion Receives NYSE Continued Listing Standards Notice
Portfolio Pulse from Benzinga Newsdesk
Hyliion Holdings Corp. (NYSE:HYLN) has received a notice from the New York Stock Exchange (NYSE) for not complying with the listing standards as its average per share closing price was below $1.00 over a 30-day trading period. The company plans to notify the NYSE of its intent to regain compliance within 10 business days and has a six-month period to do so. The notice has no immediate impact on the listing of Hyliion's common stock.
November 08, 2023 | 10:42 pm
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Hyliion Holdings Corp. has received a notice from the NYSE for not complying with the listing standards. The company has six months to regain compliance.
The news of Hyliion receiving a notice from the NYSE for non-compliance with listing standards could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term. However, the company has six months to regain compliance, which could mitigate the impact over time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100