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XI’AN, CHINA - Enlightify Inc. (NYSE:ENFY), a micro-cap company with a market value of $15.3 million, announced Tuesday it has received notification from the New York Stock Exchange that its stock has fallen below the exchange’s minimum listing requirement of a $1.00 average closing price over 30 trading days. According to InvestingPro data, the stock has declined nearly 44% over the past year.
The company, which produces humic acid-based compound fertilizers and recently expanded into bitcoin mining, must notify the NYSE of its compliance plan by September 11, 2025. Enlightify has a six-month grace period until February 27, 2026, to bring its share price back above the $1.00 threshold to maintain its listing. The company’s financial health is currently rated as ’WEAK’ by InvestingPro, with revenue declining by 21% in the last twelve months.
During this compliance period, Enlightify’s shares will continue trading on the NYSE, provided the company meets other listing requirements. While the notification does not impact Enlightify’s business operations, SEC reporting obligations, or trigger any defaults under the company’s debt arrangements, investors should note that the company maintains a healthy current ratio of 1.95, indicating sufficient liquidity to meet short-term obligations.
Enlightify operates through several subsidiaries including Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., Beijing Gufeng Chemical Products Co., Ltd., and various variable interest entities. In 2023, the company diversified its business by establishing Antaeus Tech Inc. to mine bitcoin in Texas.
The company must achieve both a closing share price and 30-trading-day average share price of at least $1.00 by the February deadline or earlier to regain compliance with NYSE standards.
This article is based on a press release statement from Enlightify Inc.
In other recent news, Enlightify Inc. has announced a strategic repositioning of its subsidiary, Anteaus LLC, to concentrate on blockchain-based operations and digital asset infrastructure. The company stated that Anteaus will now focus on services such as staking, node operations, digital asset management, and the development of structured products. This shift marks a significant change from its initial mission of exploring emerging technologies. Enlightify’s decision reflects a growing trend among companies to harness the potential of blockchain technology. The move is aimed at better aligning Anteaus’s operations with the evolving digital landscape. While the company has not disclosed specific financial details related to this repositioning, the focus on blockchain solutions is likely to draw attention from investors interested in digital assets.
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