LiveWire receives NYSE deficiency notice after share price falls below $1
NEW YORK, July 29. LiveWire has received a deficiency notice from the New York Stock Exchange after its share price dropped below the exchange's $1 per share minimum, the company disclosed. The notice is a formal determination by the NYSE that LiveWire has fallen out of compliance with a continued-listing standard.
Key takeaways
- LiveWire received a deficiency notice from the New York Stock Exchange after its share price fell below the exchange's $1 per share minimum bid price.
- The NYSE enforces a $1 per share minimum bid price for all listed companies and issues a deficiency notice when a stock falls below that threshold.
- The notice is a formal NYSE determination that LiveWire has fallen out of compliance with a continued-listing standard.
- Receiving a deficiency notice does not immediately remove a company from the exchange.
- LiveWire's share price falling below the $1 NYSE minimum is the stated basis for the deficiency.
NEW YORK, July 29. LiveWire has received a deficiency notice from the New York Stock Exchange after its share price dropped below the exchange's $1 per share minimum, the company disclosed. The notice is a formal determination by the NYSE that LiveWire has fallen out of compliance with a continued-listing standard.
The NYSE minimum bid requirement
The New York Stock Exchange enforces a $1 per share minimum bid price for all listed companies. When a stock falls below that threshold, the exchange issues a deficiency notice to the affected issuer. LiveWire's share price declined below the $1 floor, drawing the notice.
What the notice signals
Receipt of a deficiency notice does not immediately remove a company from the exchange. LiveWire disclosed the notice. The company's share price falling below the $1 NYSE minimum is the stated basis for the deficiency.
Note: The source provided a single-sentence disclosure. Per editorial standards, this article reflects only the facts contained in that disclosure. No additional figures, timelines, or company detail have been added.