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Jones Energy Regains NYSE Compliance After Reverse Stock Split
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Jones Energy received notice from the NYSE on September 21, 2018 that the Company has regained compliance with the NYSE's continued listing standards.
As previously announced, on March 23, 2018, the Company received a deficiency notification from the NYSE because the Company's average closing price per share of Class A common stock over the previous 30 trading days was below $1.00.
Jones Energy cured its deficiency by implementing a 20 for 1 reverse stock split, which became effective at 5:00 p.m. Eastern Time on September 7, 2018.
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