2023-07-07 16:27:15 ET
- BIT Mining ( NYSE: BTCM ) has announced that it received a letter from the NYSE, notifying that it was not in compliance with applicable market capitalization and equity criteria in the NYSE's continued listing standards.
- It was because the Co.'s average total market capitalization was less than $50M over a consecutive 30 trading-day period, and last reported stockholders' equity as of March 31, 2023 was less than $50M.
- The Company intends to regain compliance with the Market Cap and Equity Criteria within 18 months of receipt of the notice.
For further details see:
BIT Mining discloses NYSE notice on continued listing criteria