Synthesis stockholders' equity has fallen below listing standards, and the company has nearly run out of time to fix the issue.
Synthesis Energy Systems, Inc. (SES) (SES) today announced that the Company received an additional staff determination delinquency notification letter from the Listing Qualifications Staff (the Staff) of The Nasdaq Stock Market LLC due to the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1), (the Rule) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2019. The Company is required to present its views with respect to this additional deficiency to the Panel in writing no later than February 27, 2020 under Listing Rule 5810(d).
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This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Synthesis Energy Systems (NASDAQ: SES ) shares ...
Synthesis Energy Systems, Inc. (SES) (SES) today announced that on November 13, 2019, the Company received notification from the Listing Qualifications staff (the Staff) of The Nasdaq Stock Market LLC indicating that the Company did not meet the terms of the previously granted extension, relating to noncompliance with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. The extension was based on the Company’s plan to complete a merger transaction with Australian Future Energy Pty Ltd (AFE). As a result, the Staff has determined that the Company’s securities would be subject to delisting unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the Panel).
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The company has managed to buy itself some time — it has until early December before delisting proceedings can proceed.
Synthesis Energy Systems, Inc. (SES) (SES) today announced that, as expected, the Company received an additional delinquency notification letter from the Listing Qualifications Staff (the Staff) of The Nasdaq Stock Market LLC due to the Company’s continued non-compliance with Nasdaq Listing Rule 5250(c)(1), (the Rule) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. As previously disclosed, the Company earlier received notice from the Staff regarding its non-compliance with the Rule following the Company’s delay in the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2019 and its non-compliance with the minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1).
The Nasdaq Stock Market has warned Houston-based Synthesis Energy Systems Inc. (Nasdaq: SES) once again that it is falling further outside the exchange’s listing rules. Synthesis received the warning because it failed to file its quarterly financial report for the final three months of 2019 in a timely manner, according to a Feb. 21 filing with the U.S. Securities and Exchange Commission. This marks the fourth warning the exchange has sent Synthesis in the past year.
We're definitely into long term investing, but some companies are simply bad investments over any time frame. We don't...
Synthesis Energy Systems Makes Offer to Acquire Sharesin Batchfire Resources Transaction Highlights: Acquisition of 100% of Australian Future Energy, with pre-commitments.
A look at the shareholders of Synthesis Energy Systems, Inc. (NASDAQ:SES) can tell us which group is most powerful...
Houston-based Synthesis Energy Systems Inc. (Nasdaq: SES) is the latest in what is becoming a long line of Houston energy companies to earn delisting warnings from the public stock exchanges. The company has until Dec. 16 to either file the report or make a plan by which to regain compliance, according to the SEC filing. The Nasdaq notice comes just a few days after Synthesis Energy announced an agreement to acquire the shares of Australian Future Energy Pty. Ltd. that it doesn’t already own for about $36 million, according to a Synthesis press release.
Synthesis Energy Systems, Inc. (SES) (SES) today announced the finalization of the pre-emptive rights process that was required to be undertaken, pursuant to the constitution of Batchfire Resources Pty Ltd (Batchfire), in respect of the Batchfire shareholders who had entered into a Share Exchange Agreement with SES, accepting SES’s offer to acquire their shares in Batchfire, which is the owner of the Callide Mine in Queensland, Australia. The other shareholders in Batchfire elected not to exercise their pre-emptive rights over these shares.