Ocean Rig in compliance with Nasdaq listing requirements following restructuring

Offshore driller Ocean Rig has demonstrated compliance with all applicable requirements for the continued listing of the company’s common stock on the American stock exchange, the Nasdaq Stock Market. 

The driller informed on Wednesday it had received formal notice of compliance with the listing requirements from Nasdaq.

As previously reported in June, the Nasdaq Hearings Panel had granted the company a conditional exception from the decision by the Nasdaq Staff to delist the company’s common stock and had asked the company to demonstrate compliance with certain listing requirements upon emergence from its financial restructuring.

With all the scheme conditions previously agreed with creditors and its rig-owning subsidiaries satisfied, the company announced the completion of its financial restructuring on September 22, 2017.

Subsequently, Nasdaq confirmed that, as a result of its favorable determination, the company’s common stock will continue to be listed on The Nasdaq Global Select Market and that the compliance matter is now closed.

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply