CSI Compressco Gets Nasdaq Non-Compliance Notice

Register, or to view the article

In a Form 8-K filed on November 6, 2020, CSI Compressco LP (the Partnership) revealed that it was notified by the Nasdaq Stock Market LLC that the closing price of the Partnership’s common units over the prior 30 consecutive trading day period was below $1.00 per unit, which is the minimum closing price per unit required to maintain continued listing on the Nasdaq Global  Market under Rule 5450 of the Nasdaq Listing Rules. Under the Nasdaq Listing Rules, the Partnership has 180 calendar days from the date of the deficiency to regain compliance with the Nasdaq Listing Rules. Therefore, to regain compliance, the closing price of the Partnership’s common units on the Nasdaq Global Market must be at least $1.00 per unit for a minimum of ten consecutive trading days prior to the expiration of the extended compliance period on May 3, 2021.

Read more Bankruptcy News