D-Wave Receives Notice Of Non-Compliance With NYSE Trading Share Price Listing Rule
Portfolio Pulse from Benzinga Newsdesk
D-Wave Quantum Inc. has received a notice of non-compliance from the NYSE due to its stock price falling below $1.00 over a 30-day period. The company plans to address this issue to meet NYSE standards.
October 04, 2024 | 8:15 pm
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D-Wave Quantum Inc. has been notified by the NYSE for non-compliance as its stock price averaged below $1.00 over 30 days. The company intends to rectify this to comply with NYSE standards.
The non-compliance notice from the NYSE indicates a potential risk of delisting if the issue is not resolved. This could negatively impact investor confidence and the stock price in the short term. However, the company's intention to address the issue may mitigate some concerns.
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