Evolve Regains Compliance with NYSE America Continued Listing Standards

Rhea-AI Summary

Evolve Transition Infrastructure LP (NYSE American: SNMP) has announced that it has regained compliance with NYSE American listing standards, effective October 5, 2021. This follows earlier notices of non-compliance from April 2020 and April 2021. The company's successful compliance was achieved by meeting the $50 million market capitalization exemption outlined in the Company Guide. Consequently, Evolve is no longer listed as a noncompliant issuer and the compliance indicator has been removed. This reinstatement supports Evolve's commitment to managing its financial stability and operational objectives.

Positive

• Regained compliance with NYSE American listing standards.
• Removed from the list of noncompliant issuers.

Negative

• None.

HOUSTON, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Evolve Transition Infrastructure LP (“Evolve” or the “Company”) (NYSE American: SNMP) today announced it has received written notice from the NYSE American LLC (the “NYSE American”) that the Company has regained compliance with continued listing standards outlined in Part 10, Section 1003 of the NYSE American Company Guide (the “Company Guide”).

As previously disclosed, the Company received notice from the NYSE American on April 3, 2020 that it was not in compliance with Section 1003(a)(i) of the Company Guide. Subsequently, the Company received notice from the NYSE American on April 29, 2021 that it was not in compliance with Section 1003(a)(ii) of the Company Guide.

As a result of management’s efforts, the NYSE American has informed the Company that it has regained compliance by meeting the requirements of the $50 million market capitalization exemption from the stockholders’ equity requirement in Section 1003(a) of the Company Guide. At the opening of trading on October 5, 2021, the below compliance (“.BC”) indicator was no longer disseminated and the Company was removed from the list of NYSE American noncompliant issuers on the NYSE American’s website.

ABOUT EVOLVE TRANSITION INFRASTRUCTURE LP

Evolve Transition Infrastructure LP (NYSE American: SNMP) is a publicly-traded limited partnership formed in 2005 focused on the acquisition, development and ownership of infrastructure critical to the transition of energy supply to lower carbon sources.

Additional information about Evolve can be found in our documents on file with the SEC which are available on our website at www.evolvetransition.com and on the SEC’s website at www.sec.gov.

EVOLVE CONTACT Charles Ward Chief Financial Officer ir@evolvetransition.com (713) 800-9477

FAQ

What is the recent compliance status of Evolve Transition Infrastructure LP (SNMP)?

Evolve Transition Infrastructure LP (SNMP) has regained compliance with NYSE American listing standards as of October 5, 2021.

When did Evolve Transition Infrastructure LP receive notices of non-compliance?

Evolve received notices of non-compliance on April 3, 2020, and April 29, 2021.

What criteria did Evolve meet to regain compliance on the NYSE American?

Evolve met the $50 million market capitalization exemption from the stockholders’ equity requirement.

What indicator was removed from Evolve Transition Infrastructure LP's listing?

The compliance indicator ('.BC') was removed from Evolve's listing on October 5, 2021.