03:55 AM EDT, 08/16/2024 (MT Newswires) -- Allurion Technologies ( ALUR ) said late Thursday the New York Stock Exchange notified the company it is not in compliance with the bourse's continued listing standards.

The average closing price of the stock has been less than $1 per share over a consecutive 30 trading-day period that ended Aug. 8, resulting in non-compliance.

The NYSE notice, however, does not result in immediate delisting.

"The company intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSE's continued listing standards, including, but not limited to, a reverse stock split, subject to stockholder approval," it said.