Enlightify Inc. faces potential delisting from NYSE due to stock price falling below $1.00, with plans to regain compliance.
Quiver AI Summary
Enlightify Inc. has been informed by the New York Stock Exchange that its common stock has fallen below the required average closing price of $1.00 for continued listing. The company must notify the NYSE of its intent to address this deficiency by September 11, 2025, and has a six-month period to regain compliance, with the goal of exceeding the minimum share price by February 27, 2026. The notification does not impact the company's operations or its regulatory obligations, and it currently continues to be listed on the NYSE, pending compliance with all listing requirements. Enlightify produces humic acid-based fertilizers and has recently ventured into digital asset mining. The release also includes forward-looking statements regarding the company’s future performance and risks associated with its business activities.
Potential Positives
- Enlightify Inc. has been given a six-month period to regain compliance with NYSE listing standards, allowing the Company an opportunity to implement measures to improve stock performance.
- The notification from NYSE does not impact the Company’s ongoing business operations or its obligations to the Securities and Exchange Commission, indicating stability in its core activities.
- The Company maintains compliance with other NYSE listing requirements, which reflects its adherence to standards necessary for continued operation within the exchange.
Potential Negatives
- The company's stock price is currently below the minimum required for continued listing on the NYSE, which puts its status at risk of delisting.
- Enlightify has until February 27, 2026, to regain compliance, creating uncertainty around its market standing and potential investor confidence.
- The press release indicates potential volatility and risk factors that could impact the company’s future performance, including competition and market acceptance challenges.
FAQ
What does the NYSE notification mean for Enlightify Inc.?
The NYSE notification indicates that Enlightify's share price averages fell below the $1.00 requirement for continued listing.
How long does Enlightify have to comply with NYSE rules?
Enlightify has six months, with a possible extension, to regain compliance with the NYSE share price requirements.
Is Enlightify's stock still trading on the NYSE?
Yes, Enlightify's common stock remains listed and traded on the NYSE while it works to meet compliance standards.
Will the NYSE notification affect Enlightify's operations?
No, the NYSE notification does not impact the Company's business operations or SEC reporting obligations.
What type of products does Enlightify Inc. offer?
Enlightify produces humic acid-based fertilizers and other agricultural products through its subsidiaries and newly formed digital asset mining operations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
XI’AN, CHINA, Sept. 02, 2025 (GLOBE NEWSWIRE) -- On August 27, 2025, Enlightify Inc. (NYSE: ENFY) (“Enlightify” or the “Company”) was notified by the New York Stock Exchange (“NYSE”) that the 30-trading-day average closing price per share of the Company’s common stock was below $1.00, which is the minimum average share price required for continued listing under NYSE rules.
As required by NYSE rules, no later than September 11, 2025, the Company will notify the NYSE of its intent to cure the share price deficiency and to return to compliance with this continued listing standard. Under NYSE rules, the Company has six months (subject to possible extension) to regain compliance with this continued listing standard and avoid delisting. In particular, each of the ending and 30-trading-day average share prices of the Company’s common stock must equal or exceed $1.00 on February 27, 2026 (unless extended) or on the last trading day of any month prior to that date.
The Company’s common stock continues to be listed and traded on the NYSE, subject to the Company’s compliance with other NYSE continued listing requirements. The NYSE notification does not affect the Company’s business operations or its Securities and Exchange Commission reporting obligations. The NYSE notification does not conflict with or cause an event of default under any of the Company’s material debt arrangements or other agreements.
About Enlightify Inc.
The Company produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), Beijing Gufeng Chemical Products Co., Ltd (“Gufeng”) and variable interest entities. In 2023, the Company started to purchase digital asset mining machines and established Antaeus Tech Inc. (“Antaeus”) in the State of Delaware and mined digital assets bitcoins in the State of Texas.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company’s business, products and financial results. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions; development, shipment, market acceptance, additional competition from existing and new competitors; interest rate and currency exchange rate fluctuations; the impact of the recent global outbreak of novel coronavirus disease (COVID-19); technological advances, new products attained by competitors; challenges inherent in new product development; the Company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of economies and sovereign risk; dependence on the effectiveness of the Company’s protections for innovative products; the exposure to litigation and/or regulatory actions, and various other factors beyond the Company’s control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company’s reports filed with the SEC. Enlightify undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulations.
For more information, please contact:
Enlightify Inc.
Tel: +86-29-88266383
Email:
[email protected]
SOURCE Enlightify Inc.
