Stem Receives NYSE Notice For Falling Below $1.00 Per Share Minimum; Company Plans To Cure Deficiency Within Six-Month Period To Maintain Listing
Portfolio Pulse from Benzinga Newsdesk
Stem has received a notice from the NYSE for its stock price falling below the $1.00 per share minimum. The company plans to address this deficiency within six months to maintain its listing.
August 30, 2024 | 8:16 pm
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Stem has been notified by the NYSE that its stock price has fallen below the $1.00 minimum requirement. The company intends to resolve this issue within six months to keep its listing.
The notice from the NYSE indicates a regulatory issue that could lead to delisting if not addressed. This is a negative signal for investors, as it reflects poorly on the company's stock performance. However, the company's plan to cure the deficiency within six months shows a proactive approach, which might mitigate some concerns.
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IMPORTANCE 80
RELEVANCE 100