DelistingJun 15, 2026, 09:02 AM
ESS Tech Receives NYSE Notice for Sub-$1.00 Stock Price
AI Summary
ESS Tech, Inc. received a notice from the New York Stock Exchange on June 9, 2026, indicating non-compliance with the continued listing standard. The company's common stock had an average closing price of $0.98 over a consecutive 30 trading-day period, falling below the required $1.00. This is a deficiency notice, not an immediate delisting, and does not currently impact trading. ESS Tech has a six-month period to regain compliance and plans to notify NYSE of its intent to do so, considering options like a reverse stock split.
Key Highlights
- Received NYSE notice on June 9, 2026, for not meeting the $1.00 minimum share price standard.
- 30-trading-day average closing price was $0.98 as of June 8, 2026.
- Notice is a deficiency, not a delisting, and does not immediately affect NYSE listing or trading.
- Company has a six-month cure period to regain compliance with the minimum share price requirement.
- ESS Tech intends to notify NYSE within 10 business days of its plan to regain compliance.
- Company is considering various options, including initiating a reverse stock split.
Price Impact
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