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HighPoint Out of NYSE Compliance
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HighPoint Resources Corp. received notice from the NYSE that it is no longer in compliance with the NYSE continued listing standards due to the company's average global market capitalization over a consecutive 30 trading-day period being less than $50 million,
Additionally, at the same time, its stockholders' equity was less than $50 million.
As of November 4, 2020, the 30 trading-day average global market capitalization of the Company was approximately $41.5 million and the Company's last reported stockholders' equity as of September 30, 2020 was a deficit of $12.6 million.
In accordance with NYSE procedures, the Company intends to submit a plan aimed at regaining compliance.
