GrafTech International Faces NYSE Delisting Due to Low Stock Price

GrafTech International received a non-compliance notice from the NYSE due to its average closing stock price being less than $1.00 over a 30-day period. The company's stock price has fallen below the NYSE's minimum listing requirement, putting its continued listing at risk. GrafTech must now work to regain compliance with the NYSE's listing standards within a specified timeframe.

Title: GrafTech International Faces NYSE Compliance Challenge

GrafTech International Ltd. (NYSE: EAF), a leading manufacturer of high-quality graphite electrode products, has received a non-compliance notice from the New York Stock Exchange (NYSE). The notice, dated April 18, 2025, indicates that the company's average closing stock price was less than $1.00 per share over the consecutive 30 trading-day period ended April 14, 2025. This falls below the NYSE's minimum listing requirement, putting GrafTech's continued listing at risk.

The notice does not immediately delist GrafTech's common stock from the NYSE. Instead, the company has a six-month cure period to regain compliance with the NYSE's continued listing standards. To do so, GrafTech must achieve a closing share price of at least $1.00 and an average closing price of $1.00 over a 30 trading-day period ending on the last trading day of any calendar month during the cure period.

GrafTech is exploring various options to meet these requirements, including a potential reverse stock split, subject to stockholder approval. The company plans to remain listed on the NYSE and is considering all available options to return to compliance.

The non-compliance notice is not expected to impact GrafTech's ongoing business operations or its reporting requirements with the U.S. Securities and Exchange Commission (SEC). However, the company acknowledges that the notice and potential non-compliance could impact its results of operations, business operations, reputation, and the trading prices and volatility of its common stock.

GrafTech International Ltd. is a vertically integrated manufacturer of graphite electrode products, essential for the production of electric arc furnace steel and other metals. The company's unique position in the market provides it with competitive advantages in product quality and cost. GrafTech's stock price volatility and compliance with NYSE standards will be closely watched by investors and industry analysts in the coming months.

References:
[1] https://finance.yahoo.com/news/graftech-receives-continued-listing-standards-203000441.html
[2] https://seekingalpha.com/news/4432568-graftech-international-receives-non-compliance-notice-from-nyse