17:15:33 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Kelso Technologies Inc (2)
Symbol KLS
Shares Issued 54,320,086
Close 2023-12-18 C$ 0.18
Market Cap C$ 9,777,615
Recent Sedar Documents

Kelso Technologies receives NSE non-compliance notice

2023-12-18 13:51 ET - News Release

Mr. James Bond reports

KELSO TECHNOLOGIES INC. RECEIVES NOTICE OF NON-COMPLIANCE FROM NYSE AMERICAN

Kelso Technologies Inc. received a notification letter dated Dec. 12, 2023, from the NYSE American LLC stating that the company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide. The notice stated that the NYSE American staff had determined that the company's securities have been trading at a low price per share for a substantial period of time.

The notice further stated that the company's continued listing is predicated on it effecting a reverse stock split of its common shares or otherwise demonstrating sustained price improvement within a reasonable period of time, which the NYSE American determined to be no later than June 12, 2024. The NYSE American can take accelerated delisting action in the event that the company's common shares trade at levels deemed to be abnormally low.

The notice has no immediate effect on the listing status of the company's securities on the NYSE American and the company's common shares will continue to trade on the NYSE American under the symbol KIQ, but will have an added designation of .BC to indicate that the company is below compliance with the Company Guide. The company intends to evaluate its business plans, strategic alternatives and listing objectives in co-operation with NYSE American representatives. There can be no assurance, however, that the company will be able to regain compliance with the listing standards discussed above.

About Kelso Technologies Inc.

Kelso is a diverse engineering company that specializes in the creation, production, sales and distribution of proprietary products used in rail and automotive transportation.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.