Markforged Gets Continued Listing Standards Notice From NYSE
Portfolio Pulse from Benzinga Newsdesk
Markforged received a notice from the NYSE regarding continued listing standards, specifically Rule 802.01C. The company plans to inform the NYSE of its intent to regain compliance within 10 business days.
November 20, 2023 | 9:33 pm
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Markforged has been notified by the NYSE about non-compliance with listing standards and is planning to address the issue within the required timeframe.
Receiving a notice of non-compliance from the NYSE can negatively impact investor confidence and the stock price in the short term. The company's intent to regain compliance may mitigate some concerns, but until a clear plan and progress are demonstrated, the uncertainty is likely to weigh on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100