Hornbeck Offshore fails to comply with NYSE trading price rules
Hornbeck fell under the $1 threshold in July and its average share price has continued to fall since then. On August 23, Hornbeck’s share price on the NYSE closed at $0.6899
The company says it intends to said it intends to 'actively monitor' the closing share price of its common stock and will explore ' all available options' including, if necessary, a reverse stock split of its common shares, to regain compliance
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