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Stock impact report

Nine Energy Service, Inc. Receives Notice from NYSE Regarding Continued Listing Requirements

Nine Energy Service, Inc. (NINE) 
Last nine energy service, inc. earnings: 3/9 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: nineenergyservice.com/about/our-leadership
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) announced today that, on April 21, 2020, the Company was notified by the New York Stock Exchange (“NYSE”) of its noncompliance with the NYSE’s continued listing standards because the average closing price of shares of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average closing price per share required to maintain continued listing on the NYSE. The Company’s Board of Directors is reviewing all available alternatives to return to compliance with the NYSE’s continued listing standards.Under the NYSE’s rules, the Company has a period of six months following the receipt of the notice to regain compliance with the minimum share price requirement. To regain compliance, on the last trading day in any calendar month during the cure period, the Company’s common stock must have (i) a closing price of at least $1.00 per share and ( Show less Read more
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