On Aug. 14, PostRock Energy Corp. received a notice from NASDAQ that it is not has not not maintained a minimum of $10 million in stockholders' equity, the company said Aug. 19.
PostRock’s common stock will continue to list and trade under the symbol "PSTR." But the company has until Sept. 28 to submit a plan to regain compliance equity requirement.
However, PostRock said it does not intend to submit a compliance plan, and expects to be delisted. Following the delisting, common stock will trade on the OTC market.
Oklahoma City-based PostRock Energy Corp. develops and produces oil and natural gas in Kansas and Oklahoma.
Recommended Reading
Enterprise’s SPOT Deepwater Port Struggles for Customers
2024-04-25 - Years of regulatory delays, a loss of commercial backers and slowing U.S. shale production has Enterprise Products Partners’ Sea Port Oil Terminal and rival projects without secured customers, energy industry executives say.
Report: Crescent Midstream Exploring $1.3B Sale
2024-04-23 - Sources say another company is considering $1.3B acquisition for Crescent Midstream’s facilities and pipelines focused on Louisiana and the Gulf of Mexico.
For Sale? Trans Mountain Pipeline Tentatively on the Market
2024-04-22 - Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build.
Energy Transfer Announces Cash Distribution on Series I Units
2024-04-22 - Energy Transfer’s distribution will be payable May 15 to Series I unitholders of record by May 1.