Summary by Moomoo AI
On February 15, 2024, Fisker Inc. received a notice from the New York Stock Exchange (NYSE) indicating that the company is not in compliance with the NYSE's continued listing standards due to the average closing price of its common stock falling below $1.00 over a consecutive 30 trading-day period. This notice does not immediately affect the listing of Fisker's common stock, which will continue to trade on the NYSE. The company has a six-month period to regain compliance with the minimum stock price requirement. Fisker is considering options to address the stock price deficiency, including a potential reverse stock split, subject to shareholder approval. The company plans to notify the NYSE of its intent to regain compliance and will remain listed during the cure period, provided it meets other continued listing standards. The noncompliance notice is not expected to impact Fisker's business operations or SEC reporting obligations.