FTK - Flotek receives noncompliance notice from Nasdaq

2023-04-18 04:40:29 ET

• Flotek ( NYSE: FTK ) has received a notification from the NYSE related to its non-compliance with the exchange's price criteria for continued listing.
• The average closing price of the company’s common stock was less than $1.00 over a consecutive 30 trading-day period. It now has six months from receipt of the notice to regain compliance.
• The notice does not result in the immediate delisting of Floteks common 'stock from the NYSE.
• The company intends to monitor the closing share price for its common stock and explore available options to regain compliance, which may include, if necessary, effectuating a reverse stock split.

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