Nerdy Announces Receipt of Notice From NYSE
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Nerdy Inc. has received a notice from the NYSE for non-compliance with listing criteria due to its stock price being below $1.00 for 30 consecutive trading days. The company plans to address this issue.
November 12, 2024 | 11:00 pm
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Nerdy Inc. received a notice from the NYSE for non-compliance with listing criteria as its stock price fell below $1.00 for 30 consecutive days. The company plans to take corrective action.
The notice from NYSE indicates a risk of delisting if the stock price does not improve, which is a negative signal for investors. The company's intention to address the issue may mitigate some concerns, but the immediate impact is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100