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.
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.
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