NASDAQ gives two more space companies delisting warning
NASDAQ yesterday told the space companies Momentus and Spire they have six months to get their stock price over $1 or the stock exchange will delist each.
Small satellite builder and data specialist Spire Global received a notice from the New York Stock Exchange, while spacecraft delivery company Momentus received a notice from the Nasdaq. Under the respective exchanges’ compliance rules, the companies have 180 days, or about six months, to get their stock prices back above $1 a share.
Spire’s stock closed at 69 cents a share on Friday, having first slipped below $1 a share on Mar. 7. Momentus’ stock closed at 63 cents a share, slipping below $1 a share on Feb. 7.
Both companies now join Astra under the same threat. Both also have indicated they will consider a reverse-stock split, combining stocks to reduce the total number in order to bring the price above one dollar.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
NASDAQ yesterday told the space companies Momentus and Spire they have six months to get their stock price over $1 or the stock exchange will delist each.
Small satellite builder and data specialist Spire Global received a notice from the New York Stock Exchange, while spacecraft delivery company Momentus received a notice from the Nasdaq. Under the respective exchanges’ compliance rules, the companies have 180 days, or about six months, to get their stock prices back above $1 a share.
Spire’s stock closed at 69 cents a share on Friday, having first slipped below $1 a share on Mar. 7. Momentus’ stock closed at 63 cents a share, slipping below $1 a share on Feb. 7.
Both companies now join Astra under the same threat. Both also have indicated they will consider a reverse-stock split, combining stocks to reduce the total number in order to bring the price above one dollar.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Yeah…because those Cramer types are so responsible themselves…
Related:
Astra’s quarterly update is today, last day allowed. Not going to be released until 4:30 EST. At the last possible moment, and after US markets are closed.