Getty Images Must Boost Share Price Above $1 Within Six Months
Getty Images received notice from the NYSE on March 17 for failing to maintain a $1.00 average closing share price over 30 trading days. The company has six months to restore compliance and intends to notify the exchange of its remediation plan within ten business days.
1. Listing Deficiency Notice
On March 17, Getty Images received written notice from the NYSE indicating non-compliance with Section 802.01C after its Class A common stock failed to sustain a 30-day average closing price of at least $1.00.
2. Cure Period Timeline
Under NYSE rules, the company has six months to achieve a closing share price of at least $1.00 on the last trading day of any calendar month and maintain a 30-day average of $1.00, and plans to notify the exchange within ten business days of its intent to rectify the deficiency.
3. Operational Impact and Outlook
The notice does not impact Getty Images’ listing status, trading, business operations, reporting obligations or strategic initiatives, and management remains focused on its operational and financial priorities while pursuing long-term growth.