regulatory
confidence high
sentiment negative
materiality 0.70
MONEYLION INC.: Nasdaq/NYSE listing notice — MoneyLion receives NYSE non-compliance notice for average share price below $1.00
MONEYLION INC.
- NYSE notified MoneyLion on Nov 23, 2022 that its Class A common stock average closing price was below $1.00 for 30 consecutive trading days.
- Company has six months to cure, with possible extension; must have closing price ≥$1.00 on last trading day of any month and 30-day average ≥$1.00.
- MoneyLion to respond within ten business days and may consider a reverse stock split to regain compliance.
- Non-compliance has no immediate effect on listing; failure to cure could lead to delisting from NYSE.