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
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792