Benson Hill (BHIL) has issued an announcement.
A company disclosed they were not meeting the NYSE’s minimum price condition as their stock price dropped below $1.00 for 30 consecutive days. While this notice didn’t immediately affect their listing or operations, the company’s Board has approved a reverse stock split proposal to remedy the issue. The plan will be voted on during the 2024 annual meeting, and if implemented, the stock must then exceed $1.00 and maintain that for a month to regain compliance. Meanwhile, the stock will continue to be listed on the NYSE.
For a thorough assessment of BHIL stock, go to TipRanks’ Stock Analysis page.
