CART price goes under a dollar

At the end of trading of Monday the CART share price ended under a dollar for the first time, closing at $0.91. This puts the company into serious danger as the New York Stock Exchange does not have to allow a company to continue listing on the exchange if those shares trade under a dollar for more than 30 trading days. If that happens CART may receive notification from the New York Stock Exchange that it will be delisted. If notified, CART must declare its intention to bring its share price back above $1.00 within six months or be subject to suspension and delisting procedures. There are a complicated series of other criteria which could also lead to delisting if the share price drops too low.

Follow grandprixdotcom on Twitter

Print News Story