The NYSE issued a delisting warning to Getaround

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The New York Stock Exchange has issued a delisting warning to peer-to-peer car rental company Getaround for trading too low.

Getaround went public in December after a merger with a special purpose acquisition company (SPAC). The stock of the combined company began trading at around $10 per share and quickly lost 65% of its value. Getaround’s stock is down 1.3% today, trading at $0.64. Getaround has six months to correct its stock price shortfall and return to compliance with the NYSE’s continued listing standards. The stock exchange issues such warnings to companies whose stock prices have fallen below $1 for 30 consecutive trading days.

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The NYSE issued a delisting warning to Getaround

The New York Stock Exchange has issued a delisting warning to peer-to-peer car rental company Getaround for trading too low.

Getaround went public in December after a merger with a special purpose acquisition company (SPAC). The stock of the combined company began trading at around $10 per share and quickly lost 65% of its value. Getaround’s stock is down 1.3% today, trading at $0.64. Getaround has six months to correct its stock price shortfall and return to compliance with the NYSE’s continued listing standards. The stock exchange issues such warnings to companies whose stock prices have fallen below $1 for 30 consecutive trading days.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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