D-Wave Quantum Inc. (NYSE: QBTS) has received a notice from the New York Stock Exchange (NYSE) on October 2, 2024, stating that it is not in compliance with the NYSE Listed Company Manual due to its average closing stock price falling below $1.00 over a consecutive 30 trading-day period. The company has a six-month cure period to regain compliance by achieving a closing share price of at least $1.00 and an average closing share price of at least $1.00 over a 30 trading-day period.
D-Wave has notified the NYSE of its intention to cure the stock price deficiency and return to compliance. The company is considering various options, including a potential reverse stock split subject to shareholder approval. During this period, D-Wave’s common stock will continue to be listed and traded on the NYSE, provided it complies with other NYSE continued listing standards.
