Enservco receives letter of non-compliance from nyse american
Enservco corporation (amex:ensv) announced it has received notification from the nyse american llc (nyse american) indicating that the nyse american has determined it has deemed it appropriate for the company to effect a reverse stock split to address the low selling price of the common stock of the company. the letter noted that the nyse american determined that the company common stock has been selling for a low price per share for a substantial period of time and the company continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement no later than may 6, 2020. the company intends to regain compliance with the listing standards of the nyse american by undertaking a measure or measures that are for the best interests of the company and its stockholders. enservco common stock will continue to be listed on the nyse american while it seeks to regain compliance with the listing standards noted, subject to the company compliance with other continued listing requirements.
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