secwatch.observer — SEC 8-K summary
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Issuer:     CorEnergy Infrastructure Trust, Inc. (—)
CIK:        0001347652
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001347652-23-000083
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE delists CorEnergy for low market cap; shares now trade on OTC Pink
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347652/000134765223000083/0001347652-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347652/000134765223000083/corr-20231201.htm
  HTML page:      https://secwatch.observer/filing/0001347652-23-000083

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