CorEnergy Infrastructure Trust, Inc.: Nasdaq/NYSE listing notice — NYSE delists CorEnergy for low market cap; shares now trade on OTC Pink

CorEnergy Infrastructure Trust, Inc.

Received delisting notice Dec 1, 2023 due to avg global market cap below $15M over 30 days.
Trading on NYSE suspended Dec 1; common and preferred now trade on OTC Pink under CORR and CORRL.
Company intends to appeal; delisting could trigger a repurchase of 5.875% convertible notes at par.
Pending sale of MoGas and Omega pipelines to Spire Inc. for $175M expected to close by year-end, subject to FTC.
Company pursuing tariff rate increases and cost reductions to improve business results and balance sheet.

item 3.01 item 7.01 item 9.01

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 delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

December 1, 2023, CorEnergy Infrastructure Trust, Inc. (the “Company”) received a written notice from the staff of NYSE Regulation notifying the Company that NYSE Regulation had determined to commence proceedings to delist the Company's common stock (trading symbol: CORR) and preferred stock (trading symbol: CORRPrA) from the New York Stock Exchange (“NYSE”). Trading in the Company’s common stock and preferred stock on the NYSE was suspended after the market close on December 1, 2023. NYSE Regulation reached its decision to delist the common stock and preferred stock pursuant to Section 802.01

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Source: SEC EDGAR

accession 0001347652-23-000083

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