BARK Announces Receipt Of Notice Of Non-Compliance With The NYSE Continued Listing Standards
Portfolio Pulse from Benzinga Newsdesk
BARK, Inc. received a notice from the NYSE for non-compliance with the Minimum Stock Price Standard, as its stock price averaged below $1.00 over 30 days. The company has six months to regain compliance, potentially through measures like a reverse stock split. The notice does not affect BARK's current NYSE listing or business operations.
November 24, 2023 | 6:01 pm
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BARK, Inc. has been notified by the NYSE of non-compliance due to its stock price falling below $1. The company is exploring options, including a reverse stock split, to regain compliance within six months.
The notice of non-compliance may negatively impact investor confidence and could lead to a decrease in stock price in the short term. However, the company's proactive approach to address the issue and the lack of immediate impact on its listing or operations provide some mitigating factors.
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