U.S. Energy Corp. Restores Nasdaq Compliance

The company’s common stock successfully regained the minimum price requirement after meeting Nasdaq’s criteria.

October 11, 2024

Nasdaq Compliance Restored

U.S. Energy Corp. announced it has regained compliance with Nasdaq’s listing requirements following a previous non-compliance warning due to the company’s stock price falling below $1.00 per share. As of October 10, 2024, the company confirmed it had maintained a closing bid price of $1.00 or more for 10 consecutive business days, fulfilling Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2).

The company had been at risk of delisting after receiving a notification from Nasdaq earlier this year, citing its failure to meet the minimum share price threshold. However, U.S. Energy Corp. resolved the issue by achieving the required stock performance within the specified time frame.

Positive Investor Sentiment

U.S. Energy Corp.'s ability to restore compliance is expected to reinforce investor confidence. The company's stock price had faced challenges in recent months, but this resolution signals a potential turning point. Management's efforts to stabilize the stock and meet market standards are critical for maintaining its listing and attracting continued investment.

Next Steps for U.S. Energy Corp.

As part of its announcement, U.S. Energy Corp. issued a press release on October 11, 2024, confirming the successful resolution of the compliance issue. The company has closed this chapter, but its management continues to focus on strategies to ensure long-term market stability.

Headquartered in Houston, Texas, U.S. Energy Corp. operates under the ticker symbol USEG on the Nasdaq Stock Market. Its leadership remains committed to meeting all future listing requirements and ensuring that the stock performs in line with investor expectations. Looking ahead, the company's strategy will likely focus on both market performance and operational growth to support its future success.

U.S. Energy Corp.’s ability to meet Nasdaq’s criteria highlights its resilience, providing stakeholders with reassurance about the company’s market positioning.