Enviva Inc.: Nasdaq/NYSE listing notice — Enviva receives NYSE non-compliance notice for share price below $1.00

Enviva Inc.

Average closing price fell below $1.00 over 30 consecutive trading days as of January 23, 2024.
Company has six-month cure period to regain compliance by closing at or above $1.00 on last trading day of any calendar month.
Common stock continues trading on NYSE under symbol EVA with added '.BC' designation.
If unable to regain compliance, NYSE may initiate suspension and delisting procedures.
Notice does not affect business operations or SEC reporting requirements.

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 0.99

Enviva 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

January 23, 2024, Enviva Inc. (the “ Company ”) was notified by the New York Stock Exchange (the “ NYSE ”) that the average closing price of the Company’s shares of common stock, par value $0.001 per share (the “ Common Stock ”), had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average closing price required to maintain continued listing on the NYSE under Section 802.01C of the NYSE Listed Company Manual. Under the NYSE’s rules, the Company has a period of six months following receipt of the notice to regain compliance with the minimum share p

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Source: SEC EDGAR

accession 0001592057-24-000009

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