Blockchain service solution provider SOS Limited received a non-compliance letter from the New York Stock Exchange due to poor stock price performance
According to Cointelegraph, blockchain service solution provider SOS Limited has received a non-compliance letter from the New York Stock Exchange (NYSE) due to poor stock performance. The trading price of its American depositary shares (ADS) has fallen below $1 for 30 consecutive trading days. According to legal requirements, SOS must restore its stock price and average stock price to above $1 within six months, otherwise it will face the risk of being suspended and delisted from the New York Stock Exchange. This non-compliance notice will not have a direct impact on the listing of the company's American depositary receipts. During the six-month remediation period, as long as it meets the other listing requirements of the New York Stock Exchange, the company's American depositary receipts will continue to be listed and traded on the New York Stock Exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UK Investment Bank Chair Calls for Cryptocurrency Purchase Tax to Boost Equities
Lisa Gordon, chair of investment bank Cavendish, has proposed that the UK introduce a tax on cryptocurrency purchases to encourage more Britons to invest in local equities, which she believes could stimulate economic growth.

Fartcoin Sees 22% Surge, Reaches Monthly Peak

Ripple USD Stablecoin Achieves Supply Milestone

Nillion Introduces Blind Compute for Data Privacy

Trending news
MoreCrypto prices
More








