GrafTech International Ltd. announced today that it has regained compliance with the New York Stock Exchange's (NYSE) continued listing standards regarding minimum share price. The company had previously received a notice on August 7, 2024, indicating non-compliance due to an average closing price below $1.00 per share over a 30-trading-day period.
As of October 31, 2024, GrafTech's common stock achieved a closing share price of at least $1.00 and maintained an average closing share price of at least $1.00 over the 30 trading-day period ending on that date. This confirmation from the NYSE means the company's shares are no longer considered to be below the minimum share price requirement.
Regaining compliance is crucial for GrafTech as it ensures the company's continued listing on the NYSE. This helps maintain market visibility, liquidity for its stock, and access to capital markets, which are vital for its ongoing operations and strategic initiatives.
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