Energy Vault Holdings, Inc., a global energy storage company, has announced that it received a notice from the New York Stock Exchange (NYSE) on April 16, 2025, indicating that the company is currently not in compliance with the NYSE’s continued listing standards. The issue stems from Energy Vault’s average closing stock price, which remained below $1.00 over a consecutive 30 trading-day period—falling short of the minimum price requirement set by the exchange.

According to NYSE regulations, companies that fall out of compliance due to stock price have a six-month window to resolve the issue and restore compliance. Energy Vault has stated that it intends to formally notify the NYSE by May 1, 2025, of its plans to address the deficiency and bring the share price back in line with the listing requirements. To resolve the situation, Energy Vault is considering a range of options, including measures that may require approval from its stockholders.

Under NYSE rules, if the company chooses to pursue a remedy that needs stockholder authorization—such as a reverse stock split—the deficiency will be considered resolved if the stock price promptly rises above $1.00 and remains at or above that level for at least 30 consecutive trading days. Despite the current non-compliance status, Energy Vault’s common stock will continue to be listed and actively traded on the NYSE during the cure period. The company remains focused on regaining compliance within the allowed timeframe and maintaining its presence on the exchange.