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PostRock Energy Corporation announced that on August 14, 2015 the Company received a notice from The NASDAQ Stock Market that the Company is not in compliance with NASDAQ's Listing Rule 5450(b)(1)(a), as it has not maintained a minimum of $10,000,000 in stockholders' equity.
The notification of noncompliance has no immediate effect on the listing or trading of PostRock's common stock on the NASDAQ Global Market under the symbol "PSTR." However, pursuant to the NASDAQ Listing Rules, the Company has 45 days, or until September 28, 2015, to submit a plan to regain compliance with the minimum stockholders' equity requirement.
The Company does not intend to submit a plan to regain compliance and expects to be delisted from the NASDAQ Global Market. Following delisting, the Company's common stock will trade on the over-the-counter (OTC) Pink Market.
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