BIT Mining regains NYSE compliance

Feb. 02, 2023 6:28 AM ETBIT Mining Limited (BTCM)By: Manshi Mamtora, CFA
  • BIT Mining (NYSE:BTCMhas received a letter from the NYSE, dated January 31, 2023, notifying the company that it has regained compliance with listing standards.

  • During July 2022, the NYSE notified the company that it was not in compliance as its ADS price was less than $1.00 over a consecutive 30 trading-day period.

  • The company effected a change to a new ratio of one (1) ADS to one hundred (100) on December 23, which had the same effect as a one-for-ten reverse share split.

  • Stock price rises 3% pre-market.

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