Ouster, Inc. (OUST): Nasdaq/NYSE listing notice — Ouster receives NYSE noncompliance notice for low stock price; plans reverse split

Ouster, Inc.

Average closing price below $1.00 over 30 trading days; NYSE notice received April 12, 2023.
Previously announced 1-for-10 reverse stock split expected to begin trading April 21, 2023.
Six-month cure period to regain compliance by achieving $1.00 minimum closing price.
Common stock continues to trade on NYSE during cure period subject to other listing standards.

item 3.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Ouster, Inc. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

April 12, 2023, the Company was notified by the New York Stock Exchange (the “ NYSE ”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual (“ Section 802.01C ”) because the average closing price of the Company’s common stock, over a consecutive 30 trading-day period, was less than $1.00 (the “ NYSE Notification ”). The Company notified the NYSE of its intent to effect a reverse stock split prior to receipt of the NYSE Notification and the Company plans to notify the NYSE of its intent to cure the stock price deficiency and return to compliance with the NYSE cont

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Ouster, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-102791

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