Alta Mesa Resources receives Nasdaq non-compliance notice
Alta Mesa Resources, Inc. announced that The NASDAQ Stock Market LLC notified the company on August 16, 2019 that it is not in compliance with NASDAQ Listing Rule 5250c1 for continued listing due to the delay in filing its Quarterly Report on Form 10-Q for the quarter ended June 30, 2019. Previously, NASDAQ had granted the company an exception until September 30, 2019 to file its delinquent Annual Report on Form 10-K for the year ended December 31, 2018, its delinquent Quarterly Report on Form 10-Q for the period ended March 31, 2019 and its Quarterly Report on Form 10-Q for the period ended June 30, 2019. The company is required to submit an update to its original plan to regain compliance with NASDAQ Listing Rule 5250c1 for continued listing by September 3, 2019. Any additional exception to allow the company to regain compliance with all delinquent filings will be limited to September 30, 2019. The notice has no immediate effect on the listing of the company's Class A Common Stock on NASDAQ's exchange. The company intends to submit its curative plan to NASDAQ prior to September 3, 2019 and is working to complete the Quarterly and Annual Reports to regain compliance.