ESS Tech, Inc. (GWH): Nasdaq/NYSE listing notice — ESS Tech receives NYSE deficiency notice for average share price below $1.00

ESS Tech, Inc.

On March 6, NYSE notified ESS that 30-day avg closing price of $0.94 is below $1.00 minimum listing standard.
The deficiency notice does not immediately affect listing; ESS has a six-month cure period to regain compliance.
ESS plans to notify NYSE within 10 business days of intent to cure and may pursue a reverse stock split.
No impact on ongoing business or SEC reporting requirements; delisting risk remains if not cured.

item 3.01 item 8.01 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

ESS Tech, 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

March 6, 2024, ESS Tech, Inc. (the “Company”) received a written notice (the “Notice”) from the New York Stock Exchange (“NYSE”) indicating that the Company did not satisfy the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”), as the average closing price of the Company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period. As of March 5, 2024, the 30 trading-day average closing share price of the security was $0.94. The Notice is a notice of deficiency, not delisting, and does not currently affect t

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ESS Tech, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-009999

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