HOUSTON, July 7, 2020 /PRNewswire/ -- Flotek
Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today
announced it has received written notice from the New York Stock
Exchange (the "NYSE") that it has regained compliance with the
NYSE's continued listing standards. The notification is a result of
the Company's average closing price for the 30-trading days ended
June 30, 2020 exceeding the NYSE's
minimum requirement of $1.00 per
share, based on a 30-trading day average.
On April 17, 2020, the Company
reported it had received notice that from the NYSE that the average
closing price of the Company's shares of common stock was below
$1.00 per share over a period of 30
consecutive trading days, which is below the requirement for
continued listing on the NYSE.
The Company is no longer considered below the $1.00 per share continued listing criterion and
the below compliance ".BC" indicator has been removed from the
Company's common shares.
About Flotek
Flotek empowers the energy industry to
maximize the value of their hydrocarbon streams and improve return
on invested capital through data-driven platforms and chemistry
technologies. Flotek serves downstream, midstream and upstream
customers, both domestic and international. Flotek is a publicly
traded company headquartered in Houston,
Texas, and its common shares are traded on the New York
Stock Exchange under the ticker symbol "FTK." For additional
information, please visit Flotek's web site at
www.flotekind.com.
Forward-Looking Statements
Certain statements set
forth in this press release constitute forward-looking statements
(within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934) regarding
Flotek Industries, Inc.'s business, financial condition, results of
operations and prospects. Words such as will, continue, expects,
anticipates, intends, plans, believes, seeks, estimates and similar
expressions or variations of such words are intended to identify
forward-looking statements, but are not the exclusive means of
identifying forward-looking statements in this press release.
Although forward-looking statements in this press release
reflect the good faith judgment of management, such statements can
only be based on facts and factors currently known to management.
Consequently, forward-looking statements are inherently
subject to risks and uncertainties, and actual results and outcomes
may differ materially from the results and outcomes discussed in
the forward-looking statements. Further information about the
risks and uncertainties that may impact the Company are set forth
in the Company's most recent filing with the Securities and
Exchange Commission on Form 10-K (including, without limitation, in
the "Risk Factors" section thereof), and in the Company's other SEC
filings and publicly available documents. Readers are urged
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. The Company
undertakes no obligation to revise or update any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this press release.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/flotek-industries-regains-compliance-with-nyses-continued-listing-standard-301088739.html
SOURCE Flotek Industries, Inc.