FTK - Flotek Industries receives NYSE notice for pricing below requirement

NYSE informed Flotek Industries (NYSE:FTK) that its average closing price of its shares was below $1/share over a period of 30 consecutive trading days, which is below the requirement for continued listing. Based on procedures, the company has six months post the receipt of the notice to cure the deficiency and regain compliance. The notice has no immediate impact on the listing and will continue to trade on the NYSE subject to the company's continued compliance with the other listing requirements of the NYSE. The ticker will have ".BC" added to indicate the status "below compliance" with the NYSE continued listing standards. FTK shares trading 1.8% higher premarket.

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Flotek Industries receives NYSE notice for pricing below requirement