Surf Air Mobility's Stock Faces Non-Compliance Notice from NYSE

Friday, 5 April 2024, 21:06

Surf Air Mobility has been notified by the NYSE due to non-compliance with listing standards as its stock price remains below $1.00 for 30 consecutive trading days. This development raises concerns about the company's financial health and future market position, highlighting the challenges facing Surf Air Mobility in the competitive market landscape.

LivaRava Finance Meta Image — Surf Air Mobility's Stock Faces Non-Compliance Notice from NYSE

Surf Air Mobility's Non-Compliance Notice

Surf Air Mobility has received a notification from the NYSE concerning its failure to meet listing standards.

Stock Price Under $1.00

The stock price of Surf Air Mobility has closed below $1.00 for 30 consecutive trading days, triggering the notice.

Impact on Surf Air Mobility: High

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.