The Generation Essentials Group Receives NYSE Non-Compliance Letter Due to Low Share Price

The Generation Essentials Group (NYSE: TGE; LSE: TGE) announced it received a letter from the New York Stock Exchange (NYSE) notifying the company of non-compliance with listing standards. The non-compliance is due to the average closing price of its Class A ordinary shares falling below $1.00 over a consecutive 30 trading-day period. The company has a six-month cure period to regain compliance by achieving a closing share price and a 30-day average closing price of at least $1.00.