Fisker (FSR) has released an update.
Fisker Inc. has been alerted by the NYSE of its non-compliance with stock price requirements, as shares have dipped below the $1.00 threshold. The company has six months to rectify the situation and is considering options, including a reverse stock split, to meet the exchange’s standards. While Fisker strategizes to boost its stock value above $1.00 consistently for 30 trading days, its stock will continue trading on the NYSE, provided it meets other listing criteria. The company remains focused on addressing these issues to maintain its NYSE listing.
For further insights into FSR stock, check out TipRanks’ Stock Analysis page.
