regulatory
confidence high
sentiment negative
materiality 0.75
SelectQuote receives NYSE deficiency notice for sub-$1.00 stock price; 6-month cure period begins
SelectQuote, Inc.
- NYSE notice on Oct 20, 2022: average closing price below $1.00 over 30 consecutive trading days.
- Cure period is six months; compliance possible if closing price ≥$1.00 on last trading day of any calendar month and 30-day average ≥$1.00.
- Company will notify NYSE of intent to cure; shares continue trading during cure period subject to other standards.
- If stockholder approval is needed for cure, price must promptly exceed $1.00 and remain above for 30 trading days.