a leader in next-generation sensing and perception systems, today announced that on September 21, 2023, the company received a notice from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual, as the average closing price of the company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period.
The notice has no immediate impact on the listing of the company’s common stock, which will remain listed and traded on the NYSE during the cure period, subject to the company’s compliance with the other continued listing requirements of the NYSE. Furthermore, the NYSE notice is not anticipated to impact the ongoing business operations of the company or its reporting requirements with the U.S. Securities and Exchange Commission.
The company has responded to the NYSE and intends to consider a number of available alternatives to regain compliance with the applicable price criteria. The company can regain compliance with the average closing price requirement at any time during the six-month cure period if, on the last trading day of any calendar month during the cure period the company has a closing share price of at least $1.00, and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.
About Aeva Technologies, Inc. (NYSE: AEVA)
Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information.
