5 replies to this topic

[risktaker]

Could someone well-versed with NYSE Continued Listing Requirements explain to me why a stock can stay under $1 for two years and not get delisted?

Thanks in advance!

[slupert]

The NYSE listing Min. is $4.00. Foreign private issuers may be granted an exemption.

[risktaker]

This is a company in the US though Ticker: SENS rarely above $4.

[risktaker]

How long can it stay like this?

[risktaker]

News said the company considered a reverse-stock-split, but decided not to proceed.
Are they bluffing?
Is there a way to look up what date they need to comply?

The Company has determined not to proceed with the Special Meeting, scheduled for January 10, 2025, for the purpose of seeking shareholder approval of a proposed reverse stock split within the range of 25:1 to 50:1. Since announcing the proposed stock split on November 19, 2024 in parallel with the ongoing launch of the 365-day product the Companys share price has increased. As of January 7, 2025, proxies had been received from sufficient stockholders to constitute a quorum for the meeting, with a majority of such shares voting in favor of the proposed reverse stock split as of such date. However, after assessing the pricing implications of a reverse split at the lowest end of the proposed range of stock splits, and taking into consideration shareholder feedback regarding conducting a reverse split of at this time, the Company determined not to proceed with the Special Meeting and the proposed reverse stock split.
https://stocks.apple...mT3uj-fNIoGTmbg

[slupert]

diregard this post.

Edited by slupert, 10 January 2025 - 05:09 PM.