CSN Receives NYSE Non-Compliance Notice for Sub-$1 ADS Price
SID sits 52% above its 52-week low of $0.837 on elevated volume (1.9× avg).
Summary
CSN received an NYSE non-compliance notice on August 13, 2026, for its ADSs trading below $1.00 over 30 consecutive days. The company has six months to cure and says the ADSs are now above $1.00.
Key Events · Legal and Risk Events · SID
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NYSE Non-Compliance Notice Received
CSN received a non-compliance letter from the NYSE on August 13, 2026, because its ADSs averaged below $1.00 over 30 consecutive trading days.
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Six-Month Cure Period
The company has six months from receipt of the notice to regain compliance with the NYSE minimum share price requirement.
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Intention to Cure
CSN has notified the NYSE of its intention to cure and is evaluating all available alternatives to regain compliance.
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ADSs Currently Above $1.00
As of September 11, 2026, the ADSs are trading above the $1.00 minimum threshold, but the cure period remains open.
Analysis · SID · Manufacturing
CSN disclosed it received a non-compliance notice from the NYSE on August 13, 2026, because its ADSs averaged below $1.00 over 30 consecutive trading days. The company has a six-month cure period and says the ADSs are now trading above $1.00. A delisting notice is a serious governance and liquidity event — if the price falls back below $1.00 and stays there, the ADSs could be delisted, forcing institutional selling and reducing access to capital. The company's recent financial distress (wider losses, higher debt, rising leverage) makes this listing risk more acute.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 40.2% of the 386 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.51%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SID was trading at $1.27 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $0.84 to $2.20. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.