The New York Stock Exchange (NYSE) will delist the common units of Azure Midstream Partners LP because the continued listing standard of an average global market capitalization for the units of at least $15 million for a 30 trading-day period was not maintained, the company said June 6.
NYSE suspended the units at the close of trading June 3, the company said.
Azure said it is considering any actions it could take regarding NYSE’s delisting of its units; the units will begin trading on the OTC Exchange June 6.
Azure said it will remain subject to the public reporting requirements of the Securities and Exchange Commission following the transfer to the OTC Exchange.
Azure Midstream Partners LP is based in Dallas.
Recommended Reading
Darbonne: The ESG Sword: BlackRock's Life, Death by ESG
2024-04-17 - BlackRock, the $10 trillion investment manager, is getting heat for too much ESG investing, while shareholders are complaining it’s doing too little.
Fire Closes Atlas Energy’s Kermit, Texas Mining Facility
2024-04-15 - Atlas Energy Solutions said no injuries were reported and the closing of the mine would not affect services to the company’s Permian Basin customers.
Coalition Launches Decarbonization Program in Major US Cities, Counties
2024-04-11 - A national coalition will start decarbonization efforts in nine U.S. cities and counties following a federal award of $20 billion “green bank” grants.
Exclusive: Scepter CEO: Methane Emissions Detection Saves on Cost
2024-04-08 - Methane emissions detection saves on cost and "can pay for itself," Scepter CEO Phillip Father says in this Hart Energy exclusive interview.