regulatory
confidence high
sentiment negative
materiality 0.75
Nine Energy receives NYSE noncompliance notice for sub-$1.00 stock price; six-month cure period
Nine Energy Service, Inc.
- On April 30, 2025, NYSE notified Nine Energy its avg closing price fell below $1.00 over 30 consecutive trading days.
- Company has a six-month cure period; must have closing price ≥$1.00 and avg ≥$1.00 over 30 days on last day of any month.
- Board is reviewing options including a reverse stock split, requiring stockholder approval at next annual meeting if needed.
- Common stock continues trading under NINE with '.BC' indicator; delisting risk if not cured. Prior market cap noncompliance also ongoing.