The company said Friday that it received a delisting warning from the exchange after it spent 30 days below $1 per share.
The company has 180 days to lift its share price.
The company's stock closed Friday at 59 cents per share, down more than 900% this year and more than 85% off its high. A merger with a special purpose acquisition company made the company debut on the stock exchange.
The delisting warning was not immediately returned by the company.
In August, the rocket builder said it was pausing flights for the rest of the year because it was losing money.
Chris Kemp said during the company's second-quarter conference call that it will depend on the success of the tests for a new rocket system.
The FAA is investigating a failed rocket launch in June that was carrying a pair of satellites for NASA. NASA put the remaining two launches on hold after the company couldn't deliver the satellites to their intended destinations.
Michael Sheetz was a contributor.
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