regulatory
confidence high
sentiment negative
materiality 0.70
Energy Vault notified by NYSE of non-compliance due to stock price below $1.00 for 30 days
Energy Vault Holdings, Inc.
- NYSE notified Energy Vault on Sept 13, 2024, that average closing price was below $1.00 for 30 consecutive trading days.
- Company has six months from notice to regain compliance by achieving closing price of at least $1.00 on last trading day of any month and 30-day average.
- Energy Vault intends to notify NYSE by Sept 27, 2024, of its plan to cure the deficiency and will consider alternatives requiring shareholder approval.
- Stock will continue to trade on NYSE during cure period subject to compliance with other listing standards.