GrafTech International Ltd. (NYSE: EAF) announced it has regained compliance with the New York Stock Exchange (NYSE) listing standards, specifically meeting the minimum share price requirement outlined in Section 802.01C of the NYSE Listed Company Manual.
In August 2024, GrafTech was notified that its average stock price had fallen below $1.00 over a 30-day trading period, putting it out of compliance with NYSE standards. However, as of October 31, 2024, GrafTech’s stock maintained a closing price of at least $1.00 for the previous 30 trading days, allowing the company to meet NYSE requirements and maintain its listing status.
About GrafTech
GrafTech International Ltd. is a leading producer of graphite electrodes essential for electric arc furnace steelmaking and other metal production. The company benefits from a vertically integrated business model, leveraging its own supply of petroleum needle coke, a crucial raw material, to maintain competitive production costs and high-quality standards.
Forward-Looking Statements
This release contains forward-looking statements related to future performance, cost reductions, and capital expenditures. While these statements are based on current expectations, actual results could vary significantly due to factors including market access, financial performance, and NYSE compliance. GrafTech’s recent filings with the U.S. Securities and Exchange Commission provide a more detailed discussion of these potential risks and uncertainties.
