Benson Hill Approves Reverse Split to Address NYSE Compliance
Company Announcements

Benson Hill Approves Reverse Split to Address NYSE Compliance

Benson Hill (BHIL) has issued an announcement.

A company disclosed they were not meeting the NYSE’s minimum price condition as their stock price dropped below $1.00 for 30 consecutive days. While this notice didn’t immediately affect their listing or operations, the company’s Board has approved a reverse stock split proposal to remedy the issue. The plan will be voted on during the 2024 annual meeting, and if implemented, the stock must then exceed $1.00 and maintain that for a month to regain compliance. Meanwhile, the stock will continue to be listed on the NYSE.

For a thorough assessment of BHIL stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskBenson Hill Reports Q3 2024 Earnings Amid Transition
TheFlyBenson Hill reports Q3 EPS ($4.14) vs. ($3.27) last year
Jason CarrBenson Hill, Inc. (BHIL) Q3 Earnings Cheat Sheet
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App