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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.
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