Golden Finance reported that SOS Limited, a blockchain service solution provider, 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 from listing and delisting by the New York Stock Exchange.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Cryptocurrency provider SOS received a non-compliance letter from the New York Stock Exchange for its stock price being below $1.
Golden Finance reported that SOS Limited, a blockchain service solution provider, 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 from listing and delisting by the New York Stock Exchange.