regulatory
confidence high
sentiment negative
materiality 0.75
Evolve Transition Infrastructure LP: Nasdaq/NYSE listing notice — Evolve Transition Infrastructure LP receives NYSE American deficiency notice; must submit plan by Jan 5, 2023
Evolve Transition Infrastructure LP
- Received deficiency letter on Dec 6, 2022 for non-compliance with Sections 1003(a)(i) and (ii) of the NYSE American Company Guide.
- Requires partners' equity of $2M (2 of 3 recent loss years) or $4M (3 of 4 recent loss years) to maintain listing.
- Must submit a compliance plan by January 5, 2023 and regain compliance by June 6, 2024.
- No immediate impact on trading of common units (SNMP); Partnership evaluating options to submit plan.