secwatch.observer — SEC 8-K summary
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Issuer:     USD Partners LP (USDP)
CIK:        0001610682
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001610682-23-000031
Event type: regulatory
Sentiment:  negative
Materiality: 0.50
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE warns USD Partners LP of non-compliance due to unit price below $1.00 average
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- NYSE notified USDP on July 26, 2023 that its common units' average closing price was below $1.00 over 30 consecutive trading days.
- Partnership has 10 business days to respond with intent to cure, then a six-month cure period to regain compliance.
- Common units continue trading on NYSE with '.BC' designation; no impact on business operations or debt agreements.
- Can regain compliance if closing price ≥$1.00 on last trading day of any month during cure period and average over 30 days ≥$1.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1610682/000161068223000031/0001610682-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1610682/000161068223000031/usdp-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001610682-23-000031

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