Brooge energy ltd announces receipt of anticipated nasdaq delinquency notice for which the company intends to include in its nasdaq prior granted extension

New york, jan. 13, 2023 (globe newswire) -- brooge energy ltd (“brooge energy” or the “company”) (nasdaq: brog), a cayman islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage and related services, today announced that on january 11, 2023, the company received an additional notice of non-compliance from the listing qualifications staff (the “staff”) of the nasdaq stock market llc (“nasdaq”) due to the company not having been able to file interim financial statements for the period ended june 30, 2022 with the securities and exchange commission (the “sec”) by december 31, 2022, as required by nasdaq listing rule 5250(c)(2) (the “filing rule”). the staff stated that the additional filing delinquency could serve as an additional basis for the delisting of the company's securities from nasdaq. the company was provided with the opportunity to update the nasdaq hearings panel (the “panel”) regarding the status of its efforts to evidence compliance with the filing rule prior to the expiration of the extension previously granted by the panel on april 26, 2023. the company plans to timely submit an update to the panel with respect to its compliance efforts
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