Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Aeva regains NYSE compliance with share price recovery

EditorEmilio Ghigini
Published 22/03/2024, 11:10
Updated 22/03/2024, 11:10
© Reuters.

MOUNTAIN VIEW, Calif. - Aeva Technologies, Inc. (NYSE: AEVA), known for its advanced sensing and perception systems, announced on Thursday that it has regained compliance with the New York Stock Exchange's (NYSE) continued listing criteria.

The company's stock had previously fallen below the NYSE's minimum share price requirement, but as of March 21, 2024, Aeva's common stock closed above the $1.00 threshold, addressing the non-compliance issue.

The NYSE requires listed companies to maintain a minimum average closing share price of $1.00 over a consecutive 30 trading-day period. Aeva had been notified of its non-compliance after its share price averaged below this threshold.

However, recent trading has seen an improvement in the company's share price, with both the closing price on March 21 and the 30-day average exceeding the minimum requirement. This development means that Aeva will be removed from the NYSE's noncompliant issuers list and will continue trading on the exchange.

Aeva specializes in creating technology for various applications, including automated driving and industrial robotics. Its 4D LiDAR sensors are a key component in its product lineup, providing unique velocity detection in addition to 3D positioning. This capability is aimed at enhancing the decision-making process for autonomous systems such as vehicles and robots.

The company's compliance with the NYSE listing standards is based on the latest share price data and is subject to continued adherence to all applicable NYSE requirements. Aeva's forward-looking statements suggest a focus on maintaining its listing status and pursuing growth opportunities, although these statements are subject to various risks and uncertainties, as outlined in their filings with the Securities and Exchange Commission (SEC).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The announcement is a positive step for Aeva as it works to stabilize its financial position and continue its mission in the field of autonomous technology. This news is based on a press release statement from Aeva Technologies, Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.