Forge Global (FRGE) said Friday that it received notice from the New York Stock Exchange that its stock price had fallen below the NYSE minimum threshold of $1 per share for 30 trading days in a row.
Under NYSE rules, the marketplace infrastructure, data services and technology company needs to increase its closing share price above $1 on the final trading day of any calendar month and average $1 per share for that month over the next six months.
The company said Friday it was reviewing several options, including a potential reverse split of its stock, to regain compliance.
The company's shares were up 5% in recent after-hours activity.
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