Kelso Technologies receives notice of non-compliance for NYSE American

Kelso Technologies received a notification letter dated December 12, 2023 from the NYSE American stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide. The Notice stated that the NYSE American staff had determined that the Company’s securities have been trading at a low price per share for a substantial period of time. The Notice further stated that the Company’s continued listing is predicated on it effecting a reverse stock split of its common shares or otherwise demonstrating sustained price improvement within a reasonable period of time, which the NYSE American determined to be no later than June 12, 2024. The NYSE American can take accelerated delisting action in the event that the Company’s common shares trade at levels deemed to be abnormally low. The Notice has no immediate effect on the listing status of the Company’s securities on the NYSE American and the Company’s common shares will continue to trade on the NYSE American under the symbol “KIQ“, but will have an added designation of “.BC” to indicate that the Company is below-compliance with the Company Guide. The Company intends to evaluate its business plans, strategic alternatives and listing objectives in cooperation with NYSE American representatives.