regulatory
confidence high
sentiment negative
materiality 0.70
ESS Tech receives NYSE delisting notice for low market cap and equity
ESS Tech, Inc.
- 30-day avg market cap $47.8M; reported equity $49.2M as of Sept 30, 2024.
- NYSE Rule 802.01B requires both market cap and equity above $50M.
- Company to submit plan within 45 days to regain compliance within 18 months.
- No immediate impact on listing or operations; cure period pending NYSE acceptance.
- Ticker GWH continues trading on NYSE while company evaluates options.