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Jones Out of NYSE Compliance; Proposes Reverse Stock Split
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Jones Energy has received notice that it has fallen out of compliance with NYSE standards due to its share price falling below $1.00 for 30 consecutive days.
Jones Energy now has a six-month cure period to regain compliance.
The Company notified the NYSE that it intends to cure the price deficiency, including by proposing a reverse stock split for approval by the Company's stockholders.
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