- Shapeways ( NYSE: SHPW ) received a formal notice from NYSE on August 17, 2022 indicating that the company was not in compliance with listing standards,
- Standard requires the stock to maintain a minimum average closing price of $1.00 per share over a consecutive 30-day trading period.
- Company intends to respond to the NYSE within ten business days of receipt of the notice of its intent to cure the deficiency and is considering a number of available alternatives to regain compliance, including but not limited to, a reverse stock split, subject to shareholder approval.
For further details see:
Shapeways receives NYSE notice for non-compliance