Smart Sand, Inc. Regains Compliance With Nasdaq Listing Standards
June 15 2020 - 6:00AM
Smart Sand, Inc. (NASDAQ: SND) (the “Company”) announced today that
it has received notification from the Nasdaq Stock Market
(“Nasdaq”) that the Company has regained compliance for continued
listing on Nasdaq.
On May 14, 2020, the Company was notified by Nasdaq that for 30
consecutive business days preceding the date of the notice, the bid
price of the Company’s common stock had closed below the $1.00 per
share minimum required for continued listing on Nasdaq pursuant to
Nasdaq minimum bid price requirements. On June 11, 2020, the
Company was notified by Nasdaq that for 10 consecutive business
days from May 28, 2020 through June 10, 2020, the bid price of the
Company’s common stock had closed at or above $1.00 per share and
the Company had regained compliance with the Nasdaq continued
listing rules.
Charles Young, Smart Sand’s Chief Executive Officer, stated “We
are pleased to have regained compliance with the Nasdaq continued
listing rules. We remain focused on providing the highest quality
products and services to our customers throughout the country.”
About Smart Sand:
Smart Sand is a fully integrated frac sand
supply and services company, offering complete mine to wellsite
proppant supply and logistics solutions to its customers. The
Company produces low-cost, high quality Northern White frac sand
and offers proppant logistics and wellsite storage solutions to
customers through its in-basin transloading terminal and
SmartSystems™ wellsite proppant storage capabilities. The Company
provides products and services primarily to oil and natural gas
exploration and production companies and oilfield service
companies. For more information, please visit
www.smartsand.com.
Contact:
Josh JaynePhone: (281) 231-2660Email:
jjayne@smartsand.com
Lee BeckelmanPhone: (281) 231-2660E-mail:
lbeckelman@smartsand.com
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