Scooter and micromobility company Bird has to fly at a slightly higher altitude — at least if it wants to keep its New York Stock Exchange (NYSE) listing. The company issued a press release on Friday noting that it had received word from the NYSE that its share price was “not in compliance” with the exchange’s requirement that Class A Common Stock for a listed company be at least $1.00 over the course of a consecutive 30-day trading period.
Bird’s share price has followed a fairly consistent downward trajectory since its debut via a SPAC merger last November. The closing price has remained below $1 per share since around mid-May, just after when it reported its first fiscal quarterly earnings for 2022. T …
