Evolve Transition Infrastructure Announces Date of Effectiveness of Reverse Split
HOUSTON, June 23, 2023 (GLOBE NEWSWIRE) -- Evolve Transition Infrastructure LP (OTC: SNMP) (“Evolve”) today announced that it intends to implement its previously announced 1-for-30 reverse split (the “Reverse Split”) of its common units representing limited partner interests in Evolve (“common units”) effective after the over-the-counter market closes on July 17, 2023.
- HOUSTON, June 23, 2023 (GLOBE NEWSWIRE) -- Evolve Transition Infrastructure LP (OTC: SNMP) (“Evolve”) today announced that it intends to implement its previously announced 1-for-30 reverse split (the “Reverse Split”) of its common units representing limited partner interests in Evolve (“common units”) effective after the over-the-counter market closes on July 17, 2023.
- The announcement today follows confirmation from The Financial Industry Regulatory Authority (“FINRA”) that it has received and reviewed the necessary documentation to process the Reverse Split.
- FINRA reserves the right to further review the Reverse Split and any additional review could potentially further delay the implementation of the Reverse Split.
- Evolve anticipates that the Reverse Split will decrease the number of common units outstanding from approximately 254.4 million to 8.5 million.