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Cryptocurrency provider SOS received a non-compliance letter from the New York Stock Exchange for its stock price being below $1.
Golden Finance reported that SOS Limited, a blockchain service solution provider, has received a non-compliance letter from the New York Stock Exchange (NYSE) due to poor stock performance. The trading price of its American Depositary Shares (ADS) has fallen below $1 for 30 consecutive trading days. According to legal requirements, SOS must restore its stock price and average stock price to above $1 within six months, otherwise it will face the risk of being suspended from listing and delisting by the New York Stock Exchange.