US Ecology Announces Intent to Continue its Listing of Warrants on Nasdaq
December 09 2019 - 7:00AM
On December 5, 2019, US Ecology, Inc. (the “Company”) withdrew its
notice to delist its warrants to purchase shares of the Company’s
common stock, par value $0.01 (the “ECOL Warrants”) from The Nasdaq
Stock Market LLC (“Nasdaq’). On December 5, 2019, Nasdaq made an
immediately effective rule filing (SR-NASDAQ-2019-092) to reduce
the round lot holder requirement for the listing of warrants on the
Nasdaq Capital Market set forth in Nasdaq Listing Rule 5515(a)(4)
from 400 holders to 100 holders who are both public holders and
round lot holders. As a result, the ECOL Warrants now satisfy the
applicable listing standard.
Effective as of the commencement of trading on
December 11, 2019, it is expected that trading of the ECOL Warrants
will be transitioned from the Nasdaq Global Market (“Nasdaq GS”) to
the Nasdaq Capital Market. The Company does not anticipate that
there will be any disruption in the trading of the ECOL Warrants in
connection with this transition.
The transition of the ECOL Warrants to the Nasdaq Capital Market
from the Nasdaq Global Market will not have an impact on the
listing of the Company’s common stock, which will continue to trade
on the Nasdaq Global Market under the symbol “ECOL.”
ABOUT US ECOLOGY, INC.
US Ecology, Inc. is a leading provider of environmental services
to commercial and government entities. The company addresses the
complex waste management and response needs of its customers
offering treatment, disposal and recycling of hazardous,
non-hazardous and radioactive waste, leading emergency response and
standby services, and a wide range of complementary field and
industrial services. US Ecology’s focus on safety, environmental
compliance, and best—in-class customer service enables us to
effectively meet the needs of US Ecology’s customers and to build
long lasting relationships. US Ecology has been protecting the
environment since 1952. For more information, visit
www.usecology.com.
FORWARD LOOKING STATEMENTS Statements in this
press release that are not historical facts are forward-looking
statements that reflect the Company’s management’s expectations,
assumptions and estimates of future performance and economic
conditions at the time they were made. Forward-looking
statements are only predictions and are not guarantees of
performance. These statements are based on management’s beliefs and
assumptions, which in turn are based on currently available
information. Important assumptions include, among others, those
regarding demand for Company services, expansion of service
offerings geographically or through new or expanded service lines,
the timing and cost of planned capital expenditures, competitive
conditions and general economic conditions. These assumptions could
prove inaccurate. Forward-looking statements also involve known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those contained in any forward-looking
statement. Many of these factors are beyond our ability to control
or predict. Such factors include an accident at one of our
facilities, incidents resulting from the handling of dangerous
substances, the loss or failure to renew significant contracts,
competition in our markets, adverse economic conditions, our
compliance with applicable laws and regulations, the realization of
anticipated benefits from acquired operations, our ability to
perform under required contracts, limitations on our available cash
flow as a result of our indebtedness, liabilities arising from our
participation in multi-employer pension plans, cyber security
threats, unanticipated changes in tax rules and regulations, loss
of key personnel, a deterioration in our labor relations or labor
disputes, our ability to pay dividends or repurchase stock,
anti-takeover regulations, stock market volatility, our access to
insurance, surety bonds and other financial assurances, our
litigation risk not covered by insurance, the replacement of
non-recurring event projects, our ability to permit and contract
for timely construction of new or expanded disposal space, renewals
of our operating permits or lease agreements with regulatory
bodies, our ability or the timing of reconstructing and receiving
regulatory approvals for the reopening of the Grand View, Idaho
treatment facility, the timing or amount of insurance recoveries
associated with the reconstruction and business interruption losses
for the Grand View, Idaho treatment facility, our access to
cost-effective transportation services, lawsuits, our
implementation of new technologies, fluctuations in foreign
currency markets and foreign affairs.
Except as required by applicable law, including the securities
laws of the United States and the rules and regulations of the
Securities and Exchange Commission (the “SEC”), we are under no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. You should not place undue reliance on our
forward-looking statements. Although we believe that the
expectations reflected in forward-looking statements are
reasonable, we cannot guarantee future results or performance.
Before you invest in our common stock, you should be aware that the
occurrence of the events described in the "Risk Factors" sections
of our annual and quarterly reports could harm our business,
prospects, operating results, and financial condition.
Contact: Alison Ziegler, Darrow Associates (201)
220-2678aziegler@darrowir.com www.usecology.com
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