CTV - Innovid receives NYSE notice on non-compliance

2023-05-19 08:27:16 ET

• Advertising platform Innovid ( NYSE: CTV ) said on Friday that it has received an NYSE notice on non-compliance with continued listing standards.
• The company is not in compliance with the stock exchange's minimum bid price requirement, with the average closing price of the company's shares less than $1.00 per share over a consecutive 30 trading-day period.
• Innovid plans to notify the stock exchange of its intention to cure the stock price deficiency within a six-month period.
• The company may consider available options for regaining compliance, including a reverse stock split.
• Source: Press Release

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