regulatory
confidence high
sentiment negative
materiality 0.75
System1, Inc. (SST): Nasdaq/NYSE listing notice — System1 receives NYSE non-compliance notice for stock price below $1.00; six-month cure period
System1, Inc.
- NYSE notified System1 on Jan 6, 2025, that average closing price of Class A common stock was below $1.00 over 30 consecutive trading days.
- No immediate delisting; stock continues to trade on NYSE subject to other listing standards.
- Company must notify NYSE by Jan 21, 2025, of intent to cure; six-month window to regain compliance by hitting $1.00 closing and 30-day average.
- System1 intends to consider all available alternatives to cure the deficiency.