Space companies Spire and Momentus get stock exchange delisting warnings
Publishing timestamp: 2023-03-24 17:14:22
Summary
Spire Global and Momentus received delisting warnings from their respective stock exchanges due to their stock prices falling below $1 per share. The companies have 180 days to regain compliance with exchange standards by getting their stock prices back above $1 per share. Both companies noted the possibility of conducting a reverse stock split to regain compliance. Spire Global hit $100 million in annual subscription revenue and aims to be free cash flow positive in about a year, while Momentus has struggled to ramp up its spacecraft platform business after a turbulent leadership changeover.
Sentiment: NEGATIVE
Keywords: the edge, stock markets, business, space industry, breaking news: business, momentus inc, transportation, technology, markets, spire global inc, aerospace and defense industry, breaking news: technology, business news,
Source: https://www.cnbc.com/2023/03/24/spire-momentus-get-stock-exchange-delisting-warnings.html