Traeger (COOK) said Monday it has received a notice from the New York Stock Exchange stating that the average closing price per share of its common shares was below $1 for a consecutive 30-day period, a requirement for continued listing on the NYSE.
The company said it has six months after receipt of the notice to regain compliance with the minimum share price requirement.
Traeger said it has informed the NYSE of its plans to cure the deficiency, including a reverse stock split.
The company said that during the cure period, its shares will still be listed and traded on the NYSE.
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