American Well (AMWL) has provided an announcement.
American Well Corporation has been notified by the NYSE that its stock does not meet the minimum price requirement, as the average closing price fell below $1.00 over 30 days. The company’s listing remains intact during a six-month period to rectify the situation. Plans to regain compliance may include a reverse stock split, pending board and shareholder approval at the annual meeting. This development does not impact the company’s operations or SEC reporting obligations.
Learn more about AMWL stock on TipRanks’ Stock Analysis page.
