regulatory
confidence high
sentiment negative
materiality 0.80
GrafTech receives NYSE delisting notice for share price below $1.00
GRAFTECH INTERNATIONAL LTD
- NYSE notified GrafTech on Aug 6, 2024 that avg closing price <$1.00 over 30 days ended Aug 5, 2024.
- Stock continues trading under symbol EAF with .BC designation; 6-month cure period to regain compliance.
- Company considering options including reverse stock split, subject to stockholder approval.
- Failure to cure may lead to suspension and delisting from NYSE, reducing liquidity and market price.