CorEnergy Infrastructure Trust, Inc.: Nasdaq/NYSE listing notice — CorEnergy receives NYSE delisting notice for $1.00 minimum share price non-compliance

CorEnergy Infrastructure Trust, Inc.

NYSE notice on Sept 12, 2023: avg closing price <$1.00 over 30 consecutive trading days.
Six-month cure period; stock continues trading with '.BC' designation.
Company intends to cure and may consider available alternatives.
Previously announced sale of MoGas/Omega to Spire for ~$175M cash, expected close year-end.
Also filed for tariff rate increases on other regulated pipeline assets.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

CorEnergy Infrastructure Trust, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

September 12, 2023, CorEnergy Infrastructure Trust, Inc. (the “Company”) received a notice (the “Notice”) from the New York Stock Exchange (“NYSE”) that it is not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE's Listed Company Manual (“Section 802.01C”) because the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Company's common stock on the NYSE, subject to the Company's compliance with the NYSE's other continued listi

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Source: SEC EDGAR

accession 0001347652-23-000070

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