OUST - Ouster receives NYSE non-compliance notice

2023-04-17 06:07:22 ET

• Ouster ( NYSE: OUST ) 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.
• Earlier this month, Ouster ( OUST ) announced plans to effect a one-for-ten reverse stock split , which it expects will cure the stock price deficiency. It will begin trading on a split-adjusted basis on April 21, 2023.
• Ouster shares were up 2% in Monday's premarket session

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