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Jones Energy reported that its stock will shift to the OTCQX from the NYSE effective at the close of trading on November 26, 2018 and will begin trading on the OTCQX upon the trading open on November 27, 2018.
Jones Energy became non-compliant with the market capitalization requirement of the NYSE, which required the Company to maintain a 30-trading day average global market capitalization of at least $15 million. As such, the Company has chosen to move its shares to the OTCQX.
Jones Energy remains and intends to remain a publicly traded company and will retain its ticker symbol "JONE".
Jones Energy intends to apply to relist its Class A Shares on a national stock exchange in the future upon meeting the applicable initial listing standards of that exchange.
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