Nine Energy Service, Inc. Regains Compliance with NYSE Minimum Price Listing Standard
June 03 2020 - 5:30PM
Business Wire
Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE)
announced today that, on June 2, 2020, Nine was notified by the New
York Stock Exchange (“NYSE”) that the Company has regained
compliance with the NYSE’s continued listing standards.
On April 21, 2020, the Company was notified by the New York
Stock Exchange (“NYSE”) of its noncompliance with the NYSE’s
continued listing standards because the average closing price of
shares of its common stock had fallen below $1.00 per share over a
period of 30 consecutive trading days, which is the minimum average
closing price per share required to maintain continued listing on
the NYSE.
Nine regained compliance after its average closing price for the
30-trading days ended May 29, 2020 was above the NYSE’s minimum
requirement of $1.00 per share based on a 30-trading day average.
Accordingly, 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 Nine Energy Service
Nine Energy Service is an oilfield services company that offers
completion solutions within North America and abroad. The Company
brings years of experience with a deep commitment to serving
clients with smarter, customized solutions and world-class
resources that drive efficiencies. Serving the global oil and gas
industry, Nine continues to differentiate itself through superior
service quality, wellsite execution and cutting-edge technology.
Nine is headquartered in Houston, Texas with operating facilities
in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken,
Marcellus, Utica and Canada.
For more information on the Company, please visit Nine’s website
at nineenergyservice.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200603005678/en/
Nine Energy Service Investor Contact: Heather Schmidt
Vice President, Strategic Development, Investor Relations and
Marketing (281) 730-5113 investors@nineenergyservice.com
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