Bird gets a warning from the NYSE because its stock price is too low

If Bird wants to keep its New York Stock Exchange listing, it needs to fly at a higher altitude. The company issued a press release on Friday stating that it had been told by the New York Stock Exchange that its share price was not in compliance with the exchange's requirement that Class A Common Stock for a listed company be at least $1.00 over the course of a 30-day trading period.

Since its debut, Bird's share price has followed a downward trajectory. The closing price has been below $1 per share since May when it reported its first fiscal quarter earnings. Revenue, gross margins and ride profits all fell over the quarter.

Bird has six months to get back in compliance, which means holding an average share price of at least $1 across a span of 30 consecutive trading days. A reverse stock split is one of the options Bird will be considering to get above water.

The price of Bird's share closed on the day.