regulatory
confidence high
sentiment positive
materiality 0.60
Nine Energy regains NYSE continued listing standards; .BC indicator removed
Nine Energy Service, Inc.
- On Sept 9, 2022, NYSE notified Nine it regained compliance with quantitative continued listing standards after two quarters of meeting minimum market cap and shareholders' equity requirements.
- Nine had been noncompliant since Jan 5, 2022, when its average global market cap and stockholders' equity both fell below $50M.
- The '.BC' indicator has been removed and the company is no longer noted as below standards on NYSE website.
- Nine will be subject to a 12-month follow-up period to ensure continued compliance.