SOS Limited, a provider of blockchain-based services, has been issued a noncompliance letter by the New York Stock Exchange (NYSE) for its declining stock prices. The trading price of its American depositary shares (ADSs) fell below $1 for 30 consecutive trading days. SOS must raise its share price above $1 within six months to avoid suspension and delisting from the NYSE. Despite the noncompliance notice, SOS's ADSs will continue to be listed and traded on the NYSE if other listing requirements are met during the cure period. Failure to meet the $1 closing share price and average closing share price at the end of the six-month period may lead to suspension and delisting procedures by the NYSE. SOS's stock price dropped to $0.7 in pre-market trading on Nasdaq, remaining below $1 since May 22. Earlier, the NYSE had threatened to delist Bakkt for similar noncompliance issues. Read more AI-generated news on: https://app.chaingpt.org/news