SNMP - Evolve Transition Infrastructure delays reverse split

2023-06-13 07:01:29 ET

• Evolve Transition Infrastructure ( OTC:SNMP ) announces amendment to reverse split of its common units representing limited partner interests in Evolve, which was to be effective as of the opening of trading on June 14, 2023.
• The delay in effecting the reverse split is due to the fact that this corporate action is now subject to review by the FINRA as a result of the common units initiating trading on the OTC on June 7, 2023.
• Evolve will set and announce a new effective date for the reverse split following completion of FINRA’s review.
• The stock price is down 20% .

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