Alta Mesa Resources receives noncompliance notification from Nasdaq
Nasdaq notified Alta Mesa Resources that it is not in compliance with Nasdaq Listing Rule 5250 for continued listing due to the delay in filing its quarterly report on form 10-Q for the quarter ended March 31, 2018, and because the company remains delinquent in filing its annual report Form 10-K for the year ended December 31, 2018. The notification from Nasdaq notes that Alta Mesa Resources is required to submit a plan to regain compliance with Nasdaq's filing requirements for continued listing by June 3. Upon acceptance of the company's compliance plan, Nasdaq is permitted to grant an extension of up to 180 calendar days from the due date of the initial delinquent filing, or until September 30, 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 Class A common stock on Nasdaq's exchange.