04:28 PM EDT, 10/04/2024 (MT Newswires) -- Wave Quantum (QBTS) late Friday said it received notice from the New York Stock Exchange that its stock price had fallen below the NYSE minimum threshold of $1 per share for 30 trading days in a row.

Under NYSE rules, the quantum computing equipment and software company needs to increase its closing share price above $1 on the final trading day of any calendar month over the next six months.

The company said Friday it was reviewing several options, including a potential reverse split of its stock, to regain compliance with NYSE standards.

Wave Quantum shares were down nearly 2% in Friday's after-hours session.

Price: 0.9830, Change: -0.02, Percent Change: -1.70