Cryptocurrency provider SOS receives NYSE non-compliance letter for share price below $1
Blockchain services solutions provider SOS Limited received a non-compliance letter from the New York Stock Exchange (NYSE) due to poor share price performance. Its American depositary shares (ADS) have traded below $1 for 30 consecutive days.
According to legal requirements, SOS must restore its share price and average share price above $1 within six months or risk being suspended and delisted by the New York Stock Exchange.