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.
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