Tellurian Transfers TELL Listing to the NYSE American
October 22 2021 - 4:05PM
Business Wire
Tellurian Inc. (Tellurian) announced today it will transfer the
listing of its common stock from the Nasdaq Capital Market to the
NYSE American.
Executive Chairman Charif Souki said, “Global natural gas
shortages and recent history-making prices indicate the pressing
need for additional liquefaction export capacity in the United
States. Tellurian is poised to contribute to America’s status as an
energy superpower, having achieved both regulatory permits and
commercial success for Driftwood LNG phase one development. We have
turned our focus to putting together a world class banking group
and have started site preparation, in advance of giving our partner
Bechtel notice to proceed with construction expected first quarter
2022. Transferring our stock listing to the NYSE American allows us
to leverage the exchange’s prestigious trading platform for our
shareholders’ benefit.”
“We’re excited to welcome Tellurian as it transfers to NYSE
American and joins our community of innovators and disruptors,”
said John Tuttle, Vice Chairman and Chief Commercial Officer, NYSE
Group. “We look forward to working with Tellurian as it supplies
the world with a reliable, clean energy supply.”
Tellurian expects its common stock to begin trading on the NYSE
American on November 2, 2021 and will remain under the current
symbol “TELL”. Trading of the common stock on its current platform
is expected to continue until the close of business on November 1,
2021.
About Tellurian Inc.
Tellurian intends to create value for shareholders by building a
low-cost, global natural gas business, profitably delivering
natural gas to customers worldwide. Tellurian is developing a
portfolio of natural gas production, LNG marketing and trading, and
infrastructure that includes an ~ 27.6 mtpa LNG export facility and
an associated pipeline. Tellurian is based in Houston, Texas.
For more information, please visit www.tellurianinc.com. Follow
us on Twitter at twitter.com/TellurianLNG
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. The words
“anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,”
“forecast,” “initial,” “intend,” “may,” “plan,” “potential,”
“project,” “proposed,” “should,” “will,” “would,” and similar
expressions are intended to identify forward-looking statements.
Forward-looking statements herein relate to, among other things,
the capacity, timing, and other aspects of the Driftwood project,
the transfer of listing of the common stock, including the dates on
which trading will end on Nasdaq and begin on the NYSE American,
the timing of a notice to proceed with construction of the
Driftwood project, and shareholder value. These statements involve
a number of known and unknown risks, which may cause actual results
to differ materially from expectations expressed or implied in the
forward-looking statements. These risks include the matters
discussed in Item 1A of Part I of the Annual Report on Form 10-K of
Tellurian for the fiscal year ended December 31, 2020 filed by
Tellurian with the Securities and Exchange Commission (the SEC) on
February 24, 2021, and other Tellurian filings with the SEC, all of
which are incorporated by reference herein. The forward-looking
statements in this press release speak as of the date of this
release. Although Tellurian may from time to time voluntarily
update its prior forward-looking statements, it disclaims any
commitment to do so except as required by securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20211022005383/en/
Media: Joi Lecznar EVP Public and Government Affairs
Phone +1.832.962.4044 joi.lecznar@tellurianinc.com
Investors: Matt Phillips Vice President, Investor
Relations Phone +1.832.320.9331
matthew.phillips@tellurianinc.com
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