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Abraxas Out of Compliance with Nasdaq Exchange

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   |    Wednesday,February 26,2020

Abraxas Petroleum Corp. announced that it received notice from The NASDAQ Stock Market LLC that the company did not then meet the NASDAQ continued listing standard which requires a minimum average closing price of $1.00 per share over a period of 30 consecutive trading days.

NASDAQ had provided a period of 180 days following receipt of the notice to meet the standard and regain compliance for continued listing on the exchange.

 


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