SNMP - Evolve Transition Infrastructure receives NYSE notice for non-compliance
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Evolve Transition Infrastructure ( NYSE: SNMP ) received a deficiency letter from NYSE stating that the partnership was not in compliance.
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NYSE guide requires company to report partners’ capital of $2M or more if it has also reported losses from continuing operations and/or net losses in two of its three most recent fiscal years or to report partners’ capital of $4M or more if it has also reported losses from continuing operations and/or net losses in three of its four most recent fiscal years.
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The partnership is currently evaluating its available options and intends to develop a plan to be submitted no later than January 5, 2023.
For further details see:
Evolve Transition Infrastructure receives NYSE notice for non-compliance