other material
confidence high
sentiment negative
materiality 0.70
NYSE to delist Ginkgo Bioworks warrants for abnormally low price; common stock regains compliance
Ginkgo Bioworks Holdings, Inc.
- NYSE notified Ginkgo on Sept 3, 2024 to delist warrants (DNA.WS) due to 'abnormally low' trading prices; trading suspended immediately.
- Common stock (DNA) unaffected and continues trading normally on NYSE.
- Ginkgo regained compliance with NYSE minimum price rule on Aug 30, 2024; closing price above $1.00 for 30-day average.
- Company removed from NYSE noncompliant issuers list for common stock.