Image: Hornbeck Offshore Services
Hornbeck Offshore Services,Inc claims that it anticipates its ordinary shares to begin trading on the OTC Pink industry (“OTC Pink”), efficient December 23, 2019.
The shift follows the New York Stock Exchange revealed that trading of the business’s ordinary shares was put on hold after the marketplace shut on December 20, 2019. Trading was put on hold due to the fact that the business did not preserve a typical worldwide market capitalization of a minimum of $15 million over a successive 30-trading-day duration, as needed by NYSE proceeded listing criteria.
The business means to appeal the NYSE’s resolution to begin procedures to delist the business’s ordinary shares on the NYSE as well as will certainly ask for an evaluation of its charm by a Committee of the Board of Directors of the Exchange/
The business’ claims the charm will certainly remain the delisting however will certainly not remain the suspension of trading of its shares on the NYSE pending conclusion of the evaluation procedure. Meanwhile, the business means to request the trading of its supply on the OTCQX Marketplace as well as, upon beginning of trading on that particular industry, it is prepared for that the shares of its ordinary shares would certainly proceed trading under the icon “HOSS.”
Hornbeck Offshore claims its investors continue to be proprietors of the ordinary shares as well as are anticipated to be able to trade the ordinary shares on the OTC Pink since December 23, 2019 as well as, ultimately, on the OTCQX Marketplace, pending the business’s charm of its delisting on the NYSE.
