U.S. Energy receives Nasdaq notice over non-compliance
U.S. Energy announced that the NASDAQ Stock Market LLC notified the company on April 17, 2019 that it is not in compliance with NASDAQ Listing Rule 5250c1 for continued listing due to the delay in filing its Annual Report on Form 10-K for the year ended December 31, 2018. The notification from NASDAQ notes that U.S. Energy is required to submit a plan to regain compliance with NASDAQ's filing requirements for continued listing within 60 calendar days from the date of notification, or by June 17, 2019. Upon acceptance of the company's compliance plan, NASDAQ is permitted to grant an extension of up to 180 calendar days from the Annual Report's filing due date, or until October 14, 2019, for the company to regain compliance with NASDAQ's filing requirements for continued listing. The notice has no immediate effect on the listing of the company's Common Stock on the NASDAQ's exchange.