Ouster receives continued listing standards non-compliance notice from NYSE

Ouster was notified on April 12 by the NYSE that it is not in compliance with the NYSE’s price criteria for continued listing standards because the average closing price of the company’s common stock was less than $1.00 over a consecutive 30 trading-day period. Ouster previously announced its plans to effect a one-for-ten reverse stock split, which the company expects will cure the stock price deficiency. The company expects the reverse stock split to begin trading on a split-adjusted basis on April 21. The company has a period of six months from receipt of the notice to regain compliance with the NYSE’s continued listing minimum price criteria. The notice has no immediate impact on the listing of the company’s common stock.