Nine Energy Service receives NYSE delisting notice for low market cap and equity

Nine Energy Service, Inc.

Average global market cap below $50M over 30 days ended Jan 3, 2022; stockholders' equity also below $50M.
Company has 45 days to submit a business plan to NYSE to regain compliance within 18 months.
Stock continues trading under symbol NINE with '.BC' indicator; no immediate impact on listing.
If plan is not accepted by NYSE, common stock will be subject to suspension and delisting procedures.
Notice does not affect business operations, SEC reporting, or cause default under material debt agreements.

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