ESS Tech Receives NYSE Delisting Warning for Sub-$1.00 Share Price
GWH sits 59% above its 52-week low of $0.565.
Summary
ESS Tech received a NYSE notice for failing to meet the minimum share price requirement, adding to its existing "going concern" issues and potentially leading to a reverse stock split.
Key Events · Corporate Governance and Compliance · GWH
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NYSE Deficiency Notice Received
On June 9, 2026, ESS Tech received a notice from the NYSE indicating non-compliance with the continued listing standard (Section 802.01C) due to its common stock trading below an average of $1.00 per share over a 30-trading-day period.
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Six-Month Cure Period
The notice is a deficiency, not an immediate delisting. The company has a six-month period to regain compliance by achieving a closing share price and a 30-day average closing price of at least $1.00.
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Potential Reverse Stock Split
ESS Tech intends to notify the NYSE of its plan to regain compliance and is considering all available options, including initiating a reverse stock split.
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Context of Going Concern Doubt
This NYSE notice follows the company's Q1 2026 10-Q filing, which disclosed substantial doubt about its ability to continue as a going concern, intensifying the pressure on the company's financial stability and market position.
Analysis · GWH · Manufacturing
ESS Tech, already facing significant financial challenges including a "going concern" disclosure, has received a formal notice from the NYSE for failing to maintain a minimum average share price of $1.00. While this is a deficiency notice and not an immediate delisting, it places the company's listing on a major exchange at high risk. The potential need for a reverse stock split to regain compliance often signals underlying business struggles and can be viewed negatively by investors.
At the time of this filing, GWH was trading at $0.90 on NYSE in the Manufacturing sector, with a market capitalization of approximately $24.3M. The 52-week trading range was $0.57 to $13.87. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.