NEW YORK--(BUSINESS WIRE)--NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Common Units representing limited partner interests (“Common Units”) of Evolve Transition Infrastructure LP (the “Company”) — ticker symbol SNMP — from NYSE American. Trading in the Company’s Common Units will be suspended immediately.
NYSE Regulation has determined that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the Common Units.
The Company has a right to a review of staff’s determination to delist the Common Units by a Committee of the Board of Directors of the Exchange. The NYSE American will apply to the Securities and Exchange Commission to delist the Company’s Common Units upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.