Bird has been trading under $1 since may 18th. There are other companies with similar problems too, shift, vroom and helbiz to name a few … usually a company will do a reverse stock split to stave this off but it’s been super quiet from them with just 4 days to their possible delisting date, and I’m just wondering what’s going on
After 30 consecutive days the company receives an official letter telling them they have six months to get their stock above 1 dollar. RMO has been trading for under a dollar for over 30 days now as an example
Thanks for this, it was the piece I was missing.
https://techcrunch.com/2022/06/24/bird-gets-a-warning-from-the-nyse-because-its-stock-price-is-too-low/ guess they have a 6 month dev period
Do the companies go private after de listing? How does this work
They either move to the OTC exchange or in some cases they do a reverse split to keep the stock price above $1
@EDyi Which one of those is the worst?