VIA Optronics Receives Notice Regarding NYSE Continued Listing Standards
Portfolio Pulse from Benzinga Newsdesk
VIA optronics AG (NYSE:VIAO) received a notice from the NYSE on December 19, 2023, for not meeting the continued listing standards due to its share price being below $1.00 over a 30-day period. VIAO has six months to regain compliance with the minimum share price requirement or face potential delisting procedures.
January 16, 2024 | 11:33 am
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VIA optronics AG has been notified by the NYSE of non-compliance with listing standards due to its low share price. The company has a six-month period to correct this issue to avoid delisting.
The notice from the NYSE is a negative signal to the market, indicating that VIAO is currently not meeting the exchange's listing requirements. This could lead to a decrease in investor confidence and potentially result in a further decline in the stock price in the short term. The risk of delisting can also add to selling pressure.
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