Trinseo Receives NYSE Non-Compliance Notice Over Market Cap and Share Price Standards
Reuters
Dec 15
Trinseo Receives NYSE Non-Compliance Notice Over Market Cap and Share Price Standards
Trinseo plc has announced it received a notice of non-compliance from the New York Stock Exchange $(NYSE)$ due to its market capitalization and share price falling below required thresholds. The company is subject to NYSE listing standards, which mandate a minimum market capitalization of $50 million and an average share price of at least $1.00 over 30 consecutive trading days. Trinseo intends to submit a compliance plan to the NYSE and has up to 18 months to regain compliance, during which its shares will continue to be listed and traded. The company also notes that its future performance could be affected by conditions in the global economy and capital markets, including the impact of tariffs on global trade relations.
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