VirnetX Receives NYSE Noncompliance Notification
Portfolio Pulse from Benzinga Newsdesk
VirnetX Holding Corporation has received a noncompliance notification from the New York Stock Exchange (NYSE) due to its average closing price falling below $1.00 over a consecutive 30 trading-day period. The company has six months to regain compliance with the NYSE's continued listing standards.
September 04, 2024 | 8:22 pm
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VirnetX has been notified by the NYSE for noncompliance as its stock price has fallen below $1.00 for 30 consecutive days. The company has six months to address this issue.
The noncompliance notification from the NYSE is a significant regulatory issue for VirnetX, as it indicates potential delisting if the company does not address the low stock price. This could lead to negative investor sentiment and a decrease in stock price in the short term.
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