SelectQuote Faces NYSE Compliance Issue as Stock Price Falls Below $1
SelectQuote announced that the company received a notice from the New York Stock Exchange indicating that the company is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The company has notified the NYSE of its intent to cure the stock price deficiency and return to compliance with the continued listing standard. The company can regain compliance at any time within the six-month cure period following receipt of the Notice if, on the last trading day of any calendar month during the cure period, the company's common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.
