BHG - Bright Health receives non-compliance notice from NYSE
- Bright Health Group ( NYSE: BHG ) said it had received a written notice from the New York Stock Exchange that it was not in compliance with the continued listing standard.
- The average closing price of the company’s stock was less than $1 per share over a consecutive 30 trading-day period, which was not in line with the listing standard.
- The Company’s common stock will continue to trade on the NYSE.
- The Company expects to consider alternatives, including to a reverse stock split to regain compliance.
- It has a period of six months following the receipt of the notice to regain compliance with the minimum share price requirement.
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Bright Health receives non-compliance notice from NYSE