ESS Tech, Inc. 8-K

What Happened
ESS Tech, Inc. (GWH) announced on June 15, 2026 that it received a written notice from the New York Stock Exchange on June 9, 2026 stating it failed to meet the NYSE minimum share price rule (Section 802.01C). As of June 8, 2026 the company’s 30 trading-day average closing price was $0.98. The notice is a deficiency notice (not an immediate delisting) and the company has a six-month cure period to regain compliance. ESS Tech said it will notify the NYSE within the required 10 business days that it intends to try to regain compliance and is considering actions including a reverse stock split.

Key Details

• NYSE notice date: June 9, 2026; 30-trading-day average closing price as of June 8, 2026: $0.98.
• Cure period: Six months from receipt of the notice to meet the $1.00 minimum average closing price test.
• Company action: Plans to notify NYSE within 10 business days of the notice that it intends to cure; may consider a reverse stock split or other measures.
• Disclosure: ESS Tech issued a press release on June 15, 2026 (Regulation FD disclosure); the filing includes standard forward-looking statement caution.

Why It Matters
A continued failure to meet the NYSE $1.00 minimum could lead to delisting if the company does not regain compliance within the cure period (or any extension). Remedies like a reverse stock split require careful consideration because they change the number of shares outstanding and can affect liquidity and shareholder value; if shareholder approval is needed, it must be obtained by the company’s next annual meeting. For now, ESS Tech’s shares remain listed and trading on the NYSE while the company pursues options to restore compliance.