GrafTech International (EAF) has shared an update.
GrafTech International Ltd. has been notified by the NYSE for not meeting the minimum stock price requirement, with its share price falling below $1 over a recent 30-day period. The company is not facing immediate delisting and intends to remedy the situation within six months to comply with NYSE standards. It is exploring various strategies, including a potential reverse stock split, to boost its share price. The company’s stock will continue to trade during this period, and the notice doesn’t affect its business operations or SEC reporting obligations.
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