GrafTech Regains Compliance with NYSE Continued Listing Standards

By: GrafTech International Ltd. via Business Wire

November 04, 2024 at 08:30 AM EST

GrafTech International Ltd. (NYSE: EAF) (“GrafTech”, the “Company”, “we” or “our”) announced today that it received a letter from the New York Stock Exchange (the “NYSE”) notifying GrafTech that it has regained compliance with the NYSE’s continued listing standards criteria of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual (“Section 802.01C”).

As previously announced, on August 7, 2024, the NYSE notified GrafTech that it was not in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common stock per the notice was less than $1.00 per share over the consecutive 30 trading-day period ended August 5, 2024.

On November 1, 2024, the Company received confirmation from the NYSE that, as of October 31, 2024, the Company’s common stock had a closing share price of at least $1.00 and the Company had maintained an average closing share price of at least $1.00 over the 30 trading-day period ending on that date. Accordingly, the Company’s shares are no longer considered to be below the minimum share price requirement of Section 802.01C and, as a result, the Company has regained compliance with the NYSE continued listing standards and will continue to be traded on the NYSE.

About GrafTech

GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, our key raw material for graphite electrode manufacturing. This unique position provides us with competitive advantages in product quality and cost.

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