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Stock impact report

Why ChargePoint Holdings Is Floundering Today [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
Stock trades for less than $1 The NYSE notified ChargePoint that it is not in compliance with NYSE bylaws because its stock has traded for less than $1 for 30 consecutive trading days. The notification does not immediately impact trading of the stock or lead to the company being delisted from the NYSE. ChargePoint in a filing with the Securities and Exchange Commission (SEC) said it will notify the NYSE by March 5 that it plans to get into compliance with the NYSE's bylaws. It has six months to get back into compliance by getting its share price over $1. The stock must also have an average closing share price of $1 over a 30-day trading period. ChargePoint will consider several options to lift its stock price above $1 including a potential reverse stock split. A reverse stock split involves reducing the share count and raising the share price without changing the market capitalization of the stock. It's a tool companies use to get their share price higher for a variety of diffe Show less Read more
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