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Stock impact report

Chesapeake Granite Wash Trust Provides Update On NYSE Delisting

CHESAPEAKE GRANITE WATR (CHKR) 
Company Research Source: PR Newswire
HOUSTON, Feb. 28, 2020 /PRNewswire/ -- Chesapeake Granite Wash Trust (NYSE: CHKR) today announced that it has received notification from the New York Stock Exchange ("NYSE") of its determination to suspend trading of the Trust's common units (the "Trust Units"), effective as of the close of trading on February 28, 2020, and to initiate proceedings to delist the Trust Units. The determination to commence the delisting proceeding results from the Trust's inability to satisfy the continued listing compliance standards set forth under Rule 802.01C of the NYSE Listed Company Manual because the average closing price of the Trust Units fell below $1.00 over a 30 consecutive trading-day period, and the Trust was unable to regain compliance with the applicable standards within a six-month cure period that concluded on February 28, 2020.As a result of the suspension, the Trust expects that the Trust Units will begin trading on March 2, 2020 under the symbol "CHKR" on the OTC Pink Market, which Show less Read more
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