Zevia Receives Noncompliance Notice From NYSE
Portfolio Pulse from Benzinga Newsdesk
Zevia PBC (NYSE:ZVIA) received a noncompliance notice from the NYSE for its Class A common stock trading below $1.00 per share over a consecutive 30 trading-day period. This notice does not result in immediate delisting.
July 02, 2024 | 8:06 pm
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NEGATIVE IMPACT
Zevia PBC received a noncompliance notice from the NYSE due to its stock trading below $1.00 per share for 30 consecutive days. This could lead to increased volatility and investor concern, although immediate delisting is not expected.
The noncompliance notice indicates that Zevia's stock has been underperforming, which could lead to increased volatility and investor concern. However, the fact that immediate delisting is not expected may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100