Kelso Technologies Received A Notification Letter From The NYSE American Stating That The Company Is Not In Compliance With The Continued Listing Standards
Portfolio Pulse from Benzinga Newsdesk
Kelso Technologies has received a notification from the NYSE American indicating that the company is currently not meeting the exchange's continued listing standards.
December 18, 2023 | 2:01 pm
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Kelso Technologies has been notified by the NYSE American of its non-compliance with listing standards, which could lead to potential delisting if not rectified.
Receiving a notification of non-compliance from an exchange is a serious matter for a publicly-traded company. It often results in negative investor sentiment and can lead to a decrease in stock price in the short term as it introduces uncertainty regarding the company's ability to maintain its listing. If Kelso Technologies fails to regain compliance, it could be delisted, which typically has a negative impact on stock price and liquidity.
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