ChargePoint (CHPT) said late Friday it has been notified by the New York Stock Exchange that it's not in compliance with a listing rule because the average closing price of its shares was below $1 over a consecutive 30 trading-day period.
The company said it plans to cure the deficiency and return to compliance with the stock exchange's rules.
ChargePoint said it will consider options like a reverse stock split to address the share price non-compliance issue.
The company added the notice has no immediate impact on the listing or trading of its shares.
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