Kuke Music Receives NYSE Non-Compliance Notices For Market Capitalization And $1 Minimum Price Standards
Portfolio Pulse from Benzinga Newsdesk
Kuke Music has received non-compliance notices from the NYSE due to its market capitalization and average closing price falling below required standards. The company's 30-day average market cap is $47 million, and its ADSs average closing price is $0.98, below the $1 minimum.
October 24, 2024 | 8:14 pm
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Kuke Music has been notified by the NYSE for non-compliance with market capitalization and minimum price standards. The company's 30-day average market cap is $47 million, and its ADSs average closing price is $0.98, below the $1 minimum.
The non-compliance notices from the NYSE indicate potential delisting risks if Kuke Music does not meet the required standards. This could negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100