TechFlow reported on August 22 that, according to Cointelegraph, SOS Limited, a blockchain services solutions provider, has received a non-compliance notice from the New York Stock Exchange (NYSE) due to its poor stock price performance. The company's American Depositary Shares (ADSs) have traded below $1 for 30 consecutive trading days. Under NYSE rules, all listed securities must maintain an average closing price of $1 or higher. SOS now has six months to raise both its share price and average share price above $1, otherwise it risks being delisted.
The company stated that during this six-month cure period, its ADSs will continue to be listed and traded on the NYSE as long as it meets all other listing requirements. SOS shares dropped 4.13% to $0.7 in pre-market trading on Nasdaq.
