Wallbox (WBX) said late Thursday it received a notice from the New York Stock Exchange that it is not in compliance with the exchange's minimum share price requirement of at least $1 over a consecutive 30-day trading period.
The company said it has six months from the Nov. 21 receipt of the non-compliance notice to regain compliance by having a closing price of at least $1 per share on the last trading day of any calendar month and an average closing price of at least $1 over the 30 trading-day period ending on the last trading day of that month.
The notice has no immediate impact on the listing of the company's shares and Wallbox said it plans to remain listed on the stock exchange and is considering all available options to regain compliance.
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