Alta Mesa Resources Receives Nasdaq Notice of Delisting
17 Setembro 2019 - 5:30PM
Alta Mesa Resources, Inc. (NASDAQ: AMR, “Alta Mesa Resources” or
the “Company”) today announced that, on September 13, 2019, it
received notice from the Nasdaq Stock Market (“Nasdaq”) that,
because the Company filed for protection under Chapter 11 of the
U.S. Bankruptcy Code on September 11, 2019 (the “Filing”), and in
accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1,
Nasdaq has determined that the Company’s common stock will be
delisted from Nasdaq. This determination is based on the Filing and
associated public interest concerns raised by it, concerns
regarding the residual equity interest of the existing listed
securities holders and concerns about the Company’s ability to
sustain compliance with all requirements for continued listing on
Nasdaq. Given the continued listing requirements of Nasdaq and the
Company’s pending Chapter 11 cases, the Company does not plan to
appeal the Nasdaq determination to delist the Company’s common
stock. Accordingly, trading of the Company’s common stock and
warrants will be suspended at the opening of business on September
24, 2019, and a Form 25-NSE will be filed with the Securities and
Exchange Commission, which will remove the Company’s common stock
from listing and registration on Nasdaq. The Company expects
the common stock and warrants to be traded over-the-counter under
the symbol “AMRQ” and “AMRWWQ” and expects to continue filing its
annual, quarterly and current reports in accordance with the
requirements under the Securities and Exchange Act of 1934, as
amended.
Safe Harbor Statement and Disclaimer:
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (“Exchange Act”). All statements, other than statements of
historical fact, including but not limited to, the timing of the
delisting of the Company’s common stock, the future trading of the
Company’s stock and warrants over-the-counter and the continuation
of filing Company reports under the Exchange Act are
forward-looking statements. These forward-looking statements are
based on the Company’s current expectations and assumptions about
future events and are based on currently available information as
to the outcome and timing of future events. Alta Mesa Resources
cautions you that these forward-looking statements are subject to
risks and uncertainties that could cause actual events or results
to differ from those referred to in such forward-looking
statements. All forward-looking statements, expressed or implied,
included in this press release are expressly qualified in their
entirety by this cautionary statement. Except as otherwise required
by applicable law, Alta Mesa Resources disclaims any duty to update
any forward-looking statements, all of which are expressly
qualified by the statements in this section, to reflect events or
circumstances after the date of this press release.
About Alta Mesa Resources:Alta Mesa Resources,
Inc. is an independent energy company focused on the development
and acquisition of unconventional oil and natural gas reserves in
the Anadarko Basin in Oklahoma, and through Kingfisher Midstream,
LLC, provides best-in-class midstream energy services, including
crude oil and gas gathering, processing and marketing and produced
water disposal to producers in the STACK play.
FOR MORE INFORMATION CONTACT: Bruce Connery, Al Petrie Advisors,
bconnery@altamesa.net, 281-943-1375
15021 Katy Freeway, Suite 400 l Houston, Texas 77094 l (281)
530-0991 l www.altamesa.net
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