Camber Energy has regained compliance with NYSE American

June 05, 2019

HOUSTON -- Camber Energy, Inc., based in Houston, Texas, has announced that on June 4, 2019c it received a letter from the NYSE American advising the company that it had regained compliance with all of the NYSE American LLC continued listing standards set forth in Part 10 of the NYSE American Company Guide. Specifically, effective on June 3, 2019, the company resolved its previous continued listing deficiency with respect to Section 1003(f)(v) of the guide, which the company was previously subject to in December 2018, due to the low trading prices of its common stock.

As a result of such compliance, the company is now in full compliance with all NYSE American continued listing requirements and effective on June 6, 2019, the below compliance (BC) indicator will be removed from the company's common stock and the company will be removed from the NYSE American list of non-compliance issuers.

Louis G. Schott, Interim CEO of Camber stated, "We are delighted to be back in compliance with all of the NYSE American listing standards. Our re-compliance could not have been possible without the 1-for-25 reverse split which we affected in December 2018. We are looking forward to completing our previously announced combination transaction with Lineal Star Holdings and continuing to build shareholder value."

Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.