Oatly Group (OTLY) has released an update.
Oatly Group AB, a market player in the alternative dairy sector, is facing a compliance issue with Nasdaq’s minimum bid price rule as its American depositary shares (ADSs) have been trading below the required $1.00 threshold. The company received a formal notification and is exploring options to rectify the situation within the given 180-day period to avoid delisting. No immediate impact on Oatly’s business operations or ADS listing has occurred as they plan to meet the compliance standards.
For further insights into OTLY stock, check out TipRanks’ Stock Analysis page.
