- GrafTech International (EAF, Financial) receives NYSE warning for share price non-compliance.
- Company has six months to regain compliance through potential reverse stock split.
- Shares will continue to trade on NYSE during the cure period.
GrafTech International Ltd. (EAF) has announced receiving a notice from the New York Stock Exchange (NYSE) regarding non-compliance with the exchange's continued listing standards. The notice was issued because the average closing price of GrafTech's common stock fell below $1.00 over the 30 consecutive trading-day period ended April 14, 2025.
The company has been granted a six-month cure period to regain compliance by achieving both a closing share price and a 30-day average closing price of at least $1.00. During this period, GrafTech's shares will continue to trade on the NYSE, provided other listing standards are met.
GrafTech is exploring various strategies to address the situation, including a potential reverse stock split that would require stockholder approval. Despite the notice, the company states that there will be no immediate impact on its business operations or its U.S. Securities and Exchange Commission (SEC) reporting obligations.
Setting the $1.00 threshold is crucial as many institutional investors have policies against investing in stocks trading below this price, which could affect demand. Failure to comply within the cure period may result in delisting and a move to over-the-counter (OTC) markets, which would significantly reduce the liquidity and visibility of GrafTech's stock.
GrafTech International, headquartered in Brooklyn Heights, Ohio, remains focused on its core business of manufacturing high-quality graphite electrode products. The company continues to assure investors and stakeholders that it is committed to resolving the listing issue promptly.
