Finance & Investing | Financial Trouble | Capital Markets
SandRidge's Mississippian Subsidiary Out of NYSE Compliance
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SandRidge Mississippian Trust I has received notice from the NYSE that the Trust has fallen below the NYSE continued listing requirement due to its stock price being below $1.00 over a period of 30 consecutive trading days.
The Trust received the deficiency notice from the NYSE on December 31, 2018.
The Trust has no control at all over the trading price of the units, and does not intend to attempt to cause a reverse split of the units or other action in an effort to affect the trading price of the units.
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