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Southcross Out of Compliance with NYSE at Stock Dips Below $1.00
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Southcross Energy Partners has been alerted by the NYSE that it does not presently satisfy the continued listing standard requiring the average closing price of the Partnership’s common units to be at least $1.00 per common unit over a period of 30 consecutive trading days.
As of August 27, 2018, the average closing price of the Partnership’s common units over the preceding 30 trading-day period was $0.88 per unit.
In accordance with NYSE rules, the Partnership intends to notify the NYSE within 10 business days of receipt of the notification that the Partnership intends to cure the deficiency.
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