Nine Energy Service Receives Notice From NYSE Regarding Continued Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
Nine Energy Service, Inc. has received a notice from the NYSE indicating non-compliance with listing standards due to its market capitalization and stockholders' equity falling below $50 million.
October 25, 2024 | 12:31 pm
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Nine Energy Service has been notified by the NYSE for non-compliance with listing standards, as its market capitalization and stockholders' equity are below $50 million.
The notice from the NYSE indicates a risk of delisting, which can negatively impact investor confidence and lead to a decrease in stock price. The company's market capitalization and stockholders' equity being below the required threshold are critical factors for its continued listing.
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