NYSE Warns Spire About Stock Price
Spire Global received notice from the New York Stock Exchange that it's not in compliance with the exchange's rule on minimum average closing price of its Class A common stock required over a consecutive 30 trading-day period, the satellite data…
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company said Friday. Spire said the notice doesn't result in its immediate delisting from the NYSE. It said it intends to notify NYSE about its plan to regain compliance, and is looking at options including a reverse stock split. Spire stock closed Monday at 68 cents.