Blockchain service solution provider SOS Limited received a non-compliance letter from the New York Stock Exchange due to poor stock price performance
According to Cointelegraph, blockchain service solution provider SOS Limited has received a non-compliance letter from the New York Stock Exchange (NYSE) due to poor stock performance. The trading price of its American depositary shares (ADS) has fallen below $1 for 30 consecutive trading days. According to legal requirements, SOS must restore its stock price and average stock price to above $1 within six months, otherwise it will face the risk of being suspended and delisted from the New York Stock Exchange. This non-compliance notice will not have a direct impact on the listing of the company's American depositary receipts. During the six-month remediation period, as long as it meets the other listing requirements of the New York Stock Exchange, the company's American depositary receipts will continue to be listed and traded on the New York Stock Exchange.
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