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Smart Sand Inc. Regains Nasdaq Listing Compliance
Smart Sand, Inc. has regained compliance for continued listing on Nasdaq.
On May 14, 2020, the Company was notified by Nasdaq that for 30 consecutive business days preceding the date of the notice, the bid price of the Company’s common stock had closed below the $1.00 per share minimum required for continued listing on Nasdaq pursuant to Nasdaq minimum bid price requirements.
On June 11, 2020, the Company was notified by Nasdaq that for 10 consecutive business days from May 28, 2020 through June 10, 2020, the bid price of the Company’s common stock had closed at or above $1.00 per share and the Company had regained compliance with the Nasdaq continued listing rules.
Charles Young, Smart Sand’s Chief Executive Officer, stated “We are pleased to have regained compliance with the Nasdaq continued listing rules. We remain focused on providing the highest quality products and services to our customers throughout the country.”
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