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Hyliion Holdings Corp. (NYSE:HYLN) ("Hyliion"), a developer of sustainable electricity-producing technology, today announced that it received formal notice from the New York Stock Exchange (the "NYSE") on March 1, 2024, confirming that it has successfully regained compliance with continued listing minimum price criteria outlined in Section 802.01C of the NYSE Listed Company Manual. As a result, Hyliion will be removed from the NYSE's noncompliant issuers list and will continue to be traded on the NYSE.
Previously, the NYSE had notified Hyliion that it was not in compliance with NYSE's continued listing minimum price criteria, citing the average closing price of Hyliion's common shares falling below $1.00 over a consecutive 30-trading-day period. On February 29, 2024, both the closing share price for Hyliion's common stock and the average closing share price of Hyliion's common stock over the 30-trading-day period ended on the same date had surpassed the $1.00 threshold, thereby resolving the deficiency.
Posted In: HYLN
