Houston-based completions expert Nine Energy Service Inc. said Monday it was given about six weeks to submit a business plan to the New York Stock Exchange (NYSE) about how it intends to regain compliance to continue to be listed.

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The NYSE notified management that the company was not in compliance with the listing standards. NYSE said Nine’s average global market capitalization over 30 consecutive trading days, as well as the last reported stockholders’ equity, each were below $50 million.

“The notice has no immediate impact on the listing of the company’s common stock, which will continue to trade on the NYSE,” the management team noted. “In addition, the notice does not affect the company’s business operations” or its reporting requirements to the Securities...