Traeger Receives Notice From the SEC for Sub $1 Stock Price

In an expected move, Traeger has received a notice from the New York Stock Exchange (NYSE) for being out of compliance of their listing requirements. It stems from Traeger’s stock price being under $1 for 30 days.

While it’s not a notice that any company wants to receive, it also doesn’t have an immediate impact on their listing on the exchange, or any implications on their liquidity. Traeger will have to take actions to correct it though or they risk being delisted.