Enservco corporation receives notice of noncompliance from nyse american exchange related to stockholders' equity level

Longmont, colo., dec. 15, 2022 (globe newswire) -- enservco corporation (nyse american: ensv), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it has received a notice of noncompliance from nyse regulation because the company's stockholders' equity of approximately $5.2 million for the second quarter ended june 30, 2022, was below the required minimum level of $6.0 million. this nyse notice has no immediate effect on the listing or trading of the company's common stock. on or before january 9, 2023, enservco is required to submit a plan to cure the deficiency and regain compliance with continued listing standards. if the nyse accepts such plan, enservco will have 18 months – or until june 9, 2024 – to regain compliance. a form 8-k containing additional details on this notice will be filed today with the securities and exchange commission.
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