EV Energy Partners LP (NASDAQ: EVEP) said on Jan. 11 it received a determination from the NASDAQ Stock Market granting approval of EVEP’s request to transfer its listing to the NASDAQ Capital Market from the NASDAQ Global Market.
As a result of the transfer to the NASDAQ Capital Market, EVEP expects to be granted an additional 180-day grace period to regain compliance with NASDAQ’s minimum bid price requirement.
EVEP expects its units to begin trading on the NASDAQ Capital Market effective at the start of trading on January 16, 2018.
EVEP’s units will continue to trade on NASDAQ under the symbol “EVEP”.
The NASDAQ Capital Market is a continuous trading market that operates in substantially the same manner as the NASDAQ Global Market, and listed companies must meet certain financial and corporate governance requirements to qualify for listing on the NASDAQ Capital Market.
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