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Ouster, Inc. (NYSE: OUST) announced it received a non-compliance notice from the New York Stock Exchange (NYSE) on April 12, 2023, due to its stock closing below $1.00 over a 30-day trading period. To address this issue, Ouster plans a one-for-ten reverse stock split, effective April 21, 2023. The company has a six-month window to regain compliance with NYSE listing standards, during which its stock will continue trading on the exchange. The notice does not affect the current listing status, and Ouster remains committed to enhancing its business in high-performance lidar sensors across various industries.
