Shares of Better Choice Co. Inc. BTTR, +9.76% fell late Friday after the company said it had received a warning letter from the New York Stock Exchange for violating disclosure rules.
The stock was down 9.3% to $4.08 in the extended trading session, after a 9.8% rise at the close. Shares are down about 63% this year.
The pet-nutrition company’s warning letter said the company had not given advanced notice to NYSE that it was about to disclose material news. Under the exchange’s rules, if the news is posted during regular trading, the company must give NYSE notice at least 10 minutes before or provide an advance copy.
The company said that on May 17, it posted its first-quarter results at 12:50 p.m. Eastern time without complying with the exchange’s rule.