Surf Air Mobility Receives Continued Listing Standard Notice From NYSE
Portfolio Pulse from Benzinga Newsdesk
Surf Air Mobility Inc. (NYSE:SRFM), a regional air mobility platform, received a notice from the NYSE on April 2, 2024, for not meeting the minimum average closing price requirement of $1.00 over a 30-day period. Despite this, SRFM's stock will continue to trade on the NYSE, provided it meets other listing standards.
April 05, 2024 | 9:03 pm
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Surf Air Mobility received a notice from NYSE for not meeting the average closing price standard but remains listed.
Receiving a notice from the NYSE for not meeting the average closing price requirement is a negative signal to investors, indicating potential financial instability or lack of investor confidence. This could lead to a decrease in stock price in the short term as investors reassess the company's value and future prospects.
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