Getty Images receives NYSE notice for stock price below $1

Getty Images Holdings Inc. (NYSE: GETY) received notice from the New York Stock Exchange on March 17 that its stock price does not comply with continued listing requirements, the company announced March 19.

The NYSE indicated Getty Images is not in compliance with Section 802.01C of the Listed Company Manual, which requires an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

The notice does not immediately impact the listing or trading of Getty Images' Class A common stock, which will continue trading on the NYSE during the cure period. The company has six months to regain compliance under NYSE rules.

Getty Images can achieve compliance if its stock closes at $1.00 or higher on the last trading day of any calendar month and maintains an average closing price of at least $1.00 over the preceding 30 trading days. The company stated it intends to notify the NYSE within ten business days of its plan to cure the deficiency.

The NYSE notice does not affect Getty Images' business operations, SEC reporting obligations, customer commitments or strategic initiatives, according to the company's statement.

Getty Images operates as a global visual content creator and marketplace through its Getty Images, iStock and Unsplash brands. The company serves customers worldwide and works with over 600,000 content creators and 360 content partners.

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