TETRA Technologies, Inc. Regains Compliance With NYSE Minimum Average Closing Price Requirements

Rhea-AI Summary

TETRA Technologies has announced its compliance with the NYSE's minimum average closing share price requirement. On February 1, 2021, the NYSE confirmed that TETRA's average closing price for the 30 days ending January 31, 2021, was above $1.00 per share. As a result, TETRA is no longer considered below the minimum listing criterion. This compliance allows the company to maintain its listing on the NYSE, ensuring continued access to capital markets.

Positive

• Regained compliance with NYSE's minimum average closing share price requirement.
• Average closing share price exceeded $1.00 for the required 30 trading days.

Negative

• None.

THE WOODLANDS, Texas, Feb. 1, 2021 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today that it has received formal notice from the New York Stock Exchange (the "NYSE") dated February 1, 2021, informing the Company that it has regained full compliance with the NYSE's minimum average closing share price listing requirement as set forth in Section 802.01C of the NYSE Listed Company Manual.

The NYSE notice confirms the Company's average closing share price for the consecutive 30-trading days ended January 31, 2021 was above the NYSE's minimum requirement of $1.00 per share. Accordingly, the Company is no longer considered below the $1 continued listing criterion and has fully regained compliance with the NYSE's continued listing requirements.

Company Overview

TETRA Technologies, Inc. is a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback and production well testing. 

 

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SOURCE TETRA Technologies, Inc.

FAQ

What does TETRA Technologies' compliance with the NYSE mean for shareholders?

Regaining compliance means TETRA Technologies can maintain its listing on the NYSE, ensuring access to capital markets for shareholders.

When did TETRA Technologies regain compliance with the NYSE?

TETRA Technologies regained compliance on February 1, 2021.

What was the average closing price of TETRA Technologies' shares?

The average closing share price was above $1.00 for the 30-trading days ending January 31, 2021.

What are the implications of being below the NYSE listing requirement?

Being below the minimum price requirement could lead to potential delisting from the NYSE, affecting shareholder value.