Solo Brands’ Low Stock Price Prompts Warning from NYSE
Solo Brands has been warned by the New York Stock Exchange (NYSE) that it’s not in compliance with the exchange.
The warning came on Feb. 25 after Solo’s Class A common stock, listed under the ticker symbol DTC, closed at an average below $1 over 30 consecutive trading days, according to a news release.
Grapevine, Texas-based Solo Brands is home to Solo Stove, Chubbies, Oru Kayak, and ISLE brands.
It has six months to regain compliance with the minimum share price requirement. It has 10 business days after receiving the notice to communicate how it plans to regain compliance. One option is a reverse stock split.
DTC shares will continue to be listed and traded on the NYSE in the meantime.
Solo Brands CEO…
