Finance & Investing | General News | Capital Markets | Continued Listing
SandRidge Permian Trust Out of NYSE Compliance
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SandRidge Permian Trust has received a notice from the NYSE that the Trust has fallen below the NYSE continued listing requirement that the average closing price of the Trust’s units of beneficial interest be at least $1.00 per share, calculated over a period of 30 consecutive trading days.
The Trust received the deficiency notice from the NYSE on December 27, 2019, and on January 3, 2020, the Trust acknowledged receipt of the notice.
The Trust has no control at all over the trading price of the units, and does not intend to attempt to cause a reverse split of the units or other action in an effort to affect the trading price of the units.
During this period, the Trust’s units will continue to be traded on the NYSE, subject to compliance with other continued listing requirements.
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