Battalion Oil Gets Notice Of Non-Compliance From NYSE American
Portfolio Pulse from Benzinga Newsdesk
Battalion Oil has received a notice of non-compliance from NYSE American regarding its listing standards. The company anticipates regaining compliance following its annual stockholder meeting scheduled for February 7, 2024.
January 09, 2024 | 10:30 pm
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Battalion Oil has been notified by NYSE American of non-compliance with listing standards, but expects to regain compliance after its 2023 annual stockholder meeting.
Receiving a notice of non-compliance can negatively impact investor confidence and the stock price in the short term. However, the company's plan to regain compliance by February 2024 provides a potential timeline for resolution, which may mitigate long-term impact.
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