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Allurion Technologies (ALUR) has provided an announcement.
Allurion Technologies, Inc. has been notified by the New York Stock Exchange (NYSE) that its stock price has fallen below the required minimum average of $1.00 over a 30-day period, putting it at risk of delisting. The company has six months to remedy the situation and is considering options such as a reverse stock split. During this period, its stock will continue to trade under a special designation. Failure to meet the criteria could lead to suspension and delisting, potentially affecting the company’s stock liquidity and market price. However, this notice does not impact Allurion’s ongoing business operations or SEC reporting obligations.
For a thorough assessment of ALUR stock, go to TipRanks’ Stock Analysis page.