---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029773"
form_type: "8-K"
ticker: "USEG"
cik: "0000101594"
company_name: "US ENERGY CORP"
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T02:39:59.068477+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# US Energy receives Nasdaq bid-price deficiency notice; abandons Synergy Montana acquisition

## Summary
- On Sept 17, 2024, Nasdaq notified US Energy of non-compliance with $1.00 minimum bid price rule based on 30 consecutive trading days.
- Company has until March 17, 2025 to regain compliance; additional 180-day cure period possible if initial listing criteria met.
- Prior non-binding LOI to acquire 24,000 net acres in Toole County, MT from Synergy Offshore expired; deal no longer pursued.
- Synergy is controlled by US Energy directors Duane H. King and John A. Weinzierl; transaction was with related parties.
- Company will monitor bid price and may consider a reverse stock split or other options to cure deficiency.

## SEC filing metadata
- accession: 0001437749-24-029773
- form_type: 8-K
- ticker: USEG
- cik: 0000101594
- company_name: US ENERGY CORP
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101594/000143774924029773/0001437749-24-029773-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101594/000143774924029773/useg20240920_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029773
- JSON: https://secwatch.observer/filing/0001437749-24-029773.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029773.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.