NESR Announces Uplisting to Nasdaq Capital Market
National Energy Services Reunited Corp. (NESR) has received approval to transfer its listing to the Nasdaq Capital Market. The uplisting will take effect on October 22, 2024, with the company's shares continuing to trade under the ticker symbol 'NESR' and warrants under 'NESRW'. This move comes after NESR met all applicable requirements for public listing on the Nasdaq Capital Market.
NESR Chairman & CEO Sherif Foda expressed satisfaction with the approval, stating it is a critical step towards maximizing shareholder value and solidifying NESR's unique position as the only publicly listed MENA energy services company on a major US exchange.
National Energy Services Reunited Corp. (NESR) ha ricevuto l'approvazione per trasferire la sua quotazione al Nasdaq Capital Market. Il passaggio avrà effetto il 22 ottobre 2024, con le azioni della società che continueranno a essere scambiate con il simbolo ticker 'NESR' e i warrant con 'NESRW'. Questa mossa arriva dopo che NESR ha soddisfatto tutti i requisiti applicabili per la quotazione pubblica sul Nasdaq Capital Market.
Il presidente e CEO di NESR, Sherif Foda, ha espresso soddisfazione per l'approvazione, affermando che si tratta di un passo fondamentale per massimizzare il valore per gli azionisti e consolidare la posizione unica di NESR come l'unica società di servizi energetici MENA quotata pubblicamente su una grande borsa statunitense.
National Energy Services Reunited Corp. (NESR) ha recibido la aprobación para transferir su cotización al Nasdaq Capital Market. La subida entrará en efecto el 22 de octubre de 2024, con las acciones de la compañía continuando a negociarse bajo el símbolo 'NESR' y los warrants bajo 'NESRW'. Este movimiento se produce después de que NESR cumpliera con todos los requisitos aplicables para la cotización pública en el Nasdaq Capital Market.
El presidente y CEO de NESR, Sherif Foda, expresó su satisfacción con la aprobación, afirmando que es un paso crítico para maximizar el valor para los accionistas y solidificar la posición única de NESR como la única empresa de servicios energéticos de MENA cotizada públicamente en una importante bolsa estadounidense.
National Energy Services Reunited Corp. (NESR)은 Nasdaq Capital Market로의 상장 이전 승인을 받았습니다. 이번 이전은 2024년 10월 22일에 발효되며, 회사의 주식은 'NESR' 티커 기호로, 그리고 워런트는 'NESRW'로 계속 거래됩니다. 이 결정은 NESR이 Nasdaq Capital Market의 공인 상장 요구 사항을 모두 충족한 후에 이루어졌습니다.
NESR의 회장 겸 CEO Sherif Foda는 이번 승인에 만족감을 표명하며, 이는 주주 가치를 극대화하고 NESR을 미국 주요 거래소에 상장된 유일한 MENA 에너지 서비스 회사로서의 독특한 위치를 확고히 하기 위한 중요한 단계라고 밝혔습니다.
National Energy Services Reunited Corp. (NESR) a reçu l'approbation pour transférer sa cotation vers le Nasdaq Capital Market. Ce transfert prendra effet le 22 octobre 2024, les actions de la société continuant d'être négociées sous le symbole 'NESR' et les bons de souscription sous 'NESRW'. Cette décision intervient après que NESR a satisfait à toutes les exigences applicables pour une cotation publique sur le Nasdaq Capital Market.
Le président et CEO de NESR, Sherif Foda, a exprimé sa satisfaction quant à cette approbation, affirmant qu'il s'agit d'une étape critique pour maximiser la valeur pour les actionnaires et consolider la position unique de NESR en tant que seule société de services énergétiques de MENA cotée en bourse sur une grande plateforme américaine.
National Energy Services Reunited Corp. (NESR) hat die Genehmigung erhalten, seine Listung auf dem Nasdaq Capital Market zu übertragen. Die Umstellung tritt am 22. Oktober 2024 in Kraft, wobei die Aktien des Unternehmens weiterhin unter dem Tickersymbol 'NESR' und die Warrants unter 'NESRW' gehandelt werden. Diese Entscheidung folgt darauf, dass NESR alle anwendbaren Anforderungen für die öffentliche Listung auf dem Nasdaq Capital Market erfüllt hat.
Der Vorsitzende und CEO von NESR, Sherif Foda, äußerte Zufriedenheit mit der Genehmigung und erklärte, dies sei ein entscheidender Schritt zur Maximierung des Shareholder-Werts und zur Festigung der einzigartigen Position von NESR als das einzige börsennotierte MENA-Energiedienstleistungsunternehmen an einer großen US-Börse.
- Uplisting to Nasdaq Capital Market, potentially increasing visibility and liquidity
- Maintains current ticker symbols, ensuring continuity for investors
- Meets all Nasdaq Capital Market listing requirements, demonstrating financial stability
- None.
HOUSTON, TX / ACCESSWIRE / October 21, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it has received approval from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") to transfer its listing to the Nasdaq Capital Market. The Company's securities will be uplisted to the Nasdaq Capital Market at the opening of business on Tuesday, October 22, 2024.
The Company's shares will continue to trade under the ticker symbol "NESR", and its warrants will continue to trade under the ticker symbol "NESRW". The approval by Nasdaq was based on the Company meeting all applicable requirements for public listing on the Nasdaq Capital Market.
NESR Chairman & CEO Sherif Foda commented, "We are very pleased to have received approval from Nasdaq to re-establish our listing on the Nasdaq Capital Market, which is a critical step toward maximizing value for our shareholders and cementing our unique market position as the only publicly listed MENA energy services company on one of the major US exchanges."
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate to, among other things, the Company's expectations related to its business performance, financial condition and results of operation. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the SEC, including those factors discussed under the caption "Risk Factors" in such filings.
About NESR
Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 6,000 employees, representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services.
For inquiries regarding NESR, please contact:
Blake Gendron
National Energy Services Reunited Corp.
832-925-3777
investors@nesr.com
SOURCE: National Energy Services Reunited Corp
View the original press release on accesswire.com
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