Borr Drilling Limited Regains Compliance with NYSE Continued Listing Standard
Borr Drilling Limited (NYSE: BORR) has regained compliance with the NYSE continued listing standards after the average stock price exceeded $1.00 per share for the 30-day period ending February 25, 2021.
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Rhea-AI Summary
Borr Drilling Limited (NYSE: BORR) has regained compliance with the NYSE continued listing standards after the average stock price exceeded $1.00 per share for the 30-day period ending February 25, 2021. This follows a previous notice from NYSE regarding non-compliance due to the stock price falling below the required threshold. The confirmation of compliance is crucial for maintaining Borr's listing status on the NYSE, providing reassurance to investors after a period of uncertainty.
Positive
- Regained compliance with NYSE continued listing standards.
- Average stock price exceeded $1.00, enhancing investor confidence.
Negative
- None.
Details
News Market Reaction – BORR
The recorded move for BORR in the trading session of this news was +1.65%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OSLO, Norway, Feb. 25, 2021 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR), refers to its announcement on September 7, 2020 regarding the written notice received from the New York Stock Exchange (the "NYSE") that the Company was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE (the "Continued Listing Standard") because the average closing price of its common shares had fallen below
The Company has today received a letter from the NYSE, confirming that the Company's average stock price for the 30 trading day period ended February 25, 2021 was above the NYSE's minimum requirement of
Hamilton, Bermuda, February 25, 2021
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act
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View original content:http://www.prnewswire.com/news-releases/borr-drilling-limited-regains-compliance-with-nyse-continued-listing-standard-301236173.html
SOURCE Borr Drilling Limited
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