This article was first published on Rigzone here

Borr Drilling Limited (NYSE: BORR, OSE: BDRILL) announced Monday that it has received written notice from the New York Stock Exchange (NYSE) that the company is not in compliance with the NYSE continued listing standard.

The notice was made with respect to the minimum average share price required by the NYSE because the average closing price of the company’s common shares had fallen below $1.00 per share over a period of 30 consecutive trading days, Borr Drilling noted.

The company highlighted that, under NYSE rules, it can regain compliance if, during the six month period following receipt of the NYSE notice, on the last trading day of any calendar month or on the last trading day of this six-month cure period, the company’s common shares have a closing share price of at least $1.00 and an average closing share price of at

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