secwatch.observer — SEC 8-K summary
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Issuer:     Evolve Transition Infrastructure LP (—)
CIK:        0001362705
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001362705-23-000080
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Evolve Transition Infrastructure faces NYSE delisting; announces 1-for-30 reverse split effective July 17
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- NYSE American delisting proceedings due to low selling price; hearing scheduled for August 8, 2023.
- Trading on NYSE suspended; common units continue on OTC market under symbol SNMP.
- 1-for-30 reverse split effective after OTC market close July 17, 2023; split-adjusted trading July 18.
- Units outstanding decrease from ~254.4M to ~8.5M post-split; new CUSIP 30053M203.
- FINRA reviewed reverse split documentation but reserves further review, which could delay implementation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362705/000136270523000080/0001362705-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362705/000136270523000080/evolve-20230623.htm
  HTML page:      https://secwatch.observer/filing/0001362705-23-000080

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