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Space companies Spire and Momentus get stock exchange delisting warnings - TL;DR CNBC

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

Tickers: SPIRMNTS

Keywords: the edgestock marketsbusinessspace industrybreaking news: businessmomentus inctransportationtechnologymarketsspire global incaerospace and defense industrybreaking news: technologybusiness news

Source: https://www.cnbc.com/2023/03/24/spire-momentus-get-stock-exchange-delisting-warnings.html


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