Volta Inc.: Nasdaq/NYSE listing notice — Volta receives NYSE delisting notice for share price below $1.00 over 30 days

Volta Inc.

Notice received Nov 23, 2022; average closing price of VLTA common stock below $1.00 for 30 consecutive trading days.
Company has six-month cure period; can regain compliance if closing price ≥$1.00 on last trading day of any month and 30-day average ≥$1.00.
Intends to consider reverse stock split requiring stockholder approval at next annual meeting if needed.
Shares continue trading on NYSE during cure period; no immediate delisting.

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

Volta Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

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

Exact text from the filing

November 23, 2022, Volta Inc. (“Volta” or 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 because the average closing price of the Company’s Class A Common Stock (the “Shares”) was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Shares from the NYSE. The Company plans to notify the NYSE by November 8, 2022 that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing st

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001213900-22-075296

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.