Sanchez Midstream Partners Receives Notice from NYSE American Regarding Continued Listing Standard
Evolve Transition Infrastructure LP Common Units representing Class B Limited Liability Company Interests (SNMP)
NASDAQ:AMEX Investor Relations:
phx.corporate-ir.net/mobile.view?c=205244
Company Research
Source: GlobeNewswire
HOUSTON, April 07, 2020 (GLOBE NEWSWIRE) -- Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) today announced that on April 3, 2020, the Partnership received a deficiency letter from NYSE American LLC (“NYSE American”) stating that the Partnership was below compliance with the NYSE American continued listing standard Section 1003(a)(i) of the NYSE American Company Guide, which requires SNMP to report partners’ capital of $2.0 million or more if it has also reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. The receipt of the deficiency letter has no immediate impact on the listing of the Partnership’s common units, which will continue to trade on NYSE American subject to the Partnership’s compliance with other continued listing standards of NYSE American. In accordance with applicable NYSE American procedures, the Partnership must submit a plan by May 3, 2020 advising of actions it has taken or
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