SOS Receives NYSE Letter Notifying Non-Compliance Due To Trading Price Of ADSs
Portfolio Pulse from Benzinga Newsdesk
SOS Limited has received a non-compliance notice from the NYSE due to the low trading price of its American Depositary Shares (ADSs). The company must now take steps to regain compliance with the exchange's listing standards.
August 21, 2024 | 8:07 pm
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SOS Limited has been notified by the NYSE for non-compliance due to the low trading price of its ADSs. The company needs to take corrective actions to meet the exchange's listing standards.
The non-compliance notice from the NYSE is a significant regulatory issue that could lead to delisting if not addressed. This creates negative sentiment and potential selling pressure on SOS's stock in the short term.
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