SNMP - NYSE accepts Evolve Transition Infrastructure's plan to regain compliance

• Evolve Transition Infrastructure ( NYSE: SNMP ) said that NYSE American has accepted company's plan to regain compliance with the exchanges’ continued listing standards.
• On Dec 6, the company had received deficiency letter as the company did not meet listing standards which requires partner's capital of $2M or more if it has also reported 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.
• The partnership has been granted a targeted completion date of June 6, 2024 to implement its plan and regain compliance.
• Stock price rises 4% during pre-market.

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