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Stock impact report

Ginkgo Regains Compliance with NYSE Minimum Bid Price Requirement [Yahoo! Finance]

Ginkgo Bioworks Holdings, Inc. (DNA) 
Company Research Source: Yahoo! Finance
for cell programming and biosecurity, today announced that it had received a letter from the New York Stock Exchange ("NYSE") on September 3, 2024 stating that because Ginkgo's Class A common stock had a closing bid price at or above on the last day of August and the Company's 30-day trading average closed above , Ginkgo had regained compliance with Section 802.01C of the NYSE Listed Company Manual. As previously disclosed, Ginkgo was notified on May 7, 2024 that its Class A common stock failed to maintain a minimum average closing price that was above per share over a consecutive 30 trading-day period, as required by the NYSE Listed Company Manual. Following a 1-for-40 reverse stock split, the Class A common stock opened for trading on the NYSE on a split adjusted basis on August 20, 2024 Coinciding with the notification of Ginkgo's Class A common stock compliance, Ginkgo also received notice from NYSE on September 3, 2024 that it will commence proceedings to delist the Company's Show less Read more
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