2023-05-08 06:31:17 ET
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Diebold Nixdorf ( NYSE: DBD ) received NYSE notice as of May 4, 2023 it was not in compliance with the NYSE's standards as its price was less than $1.00 per share over a consecutive 30 trading-day period.
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The company intends to respond to the NYSE within ten business days affirming its intent to cure the deficiency.
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Additionally, the company is offering to exchange any and all of the 2024 senior notes for units consisting of (i) new 8.50%/12.50% Senior Secured PIK Toggle Notes due 2026 and (ii) warrants to purchase common shares, par value $1.25 per share.
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The stock price is up 2% pre-market on Monday.
For further details see:
Diebold Nixdorf up 2%, receives NYSE notice for non-compliance