U.S. Energy Corporation announced on October 11, 2024, that it received notification from The Nasdaq Stock Market LLC confirming the company has regained full compliance with all applicable listing standards. This includes compliance with the minimum bid price rule, effectively closing the matter.
This achievement is a positive indicator for the company, as it resolves a potential regulatory concern that could have impacted its stock's trading status. Maintaining a listing on Nasdaq is crucial for investor visibility and access to capital markets.
CEO Ryan Smith stated that the company is now well-positioned to enter 2025 with financial strength and operational runway, following its recent industrial gas transaction, debt-free balance sheet, and active share buyback program. This compliance reinforces the company's stability during its strategic transformation.
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