KORE Group Receives NYSE Non-Compliance Notice For Falling Below $50M Average Global Market Capitalization And Stockholders' Equity Threshold Over 30 Consecutive Trading Days
Portfolio Pulse from Benzinga Newsdesk
KORE Group has received a non-compliance notice from the NYSE for not meeting the $50 million average global market capitalization and stockholders' equity threshold over 30 consecutive trading days.
September 16, 2024 | 12:54 pm
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KORE Group has been notified by the NYSE for non-compliance due to its market capitalization and stockholders' equity falling below $50 million over 30 days. This could lead to potential delisting if not addressed.
The non-compliance notice indicates financial instability, which could lead to a loss of investor confidence and potential delisting from the NYSE if not rectified. This is likely to negatively impact KORE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100