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Posted On: 01/27/2020 11:21:18 PM
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"Will Zion be delisted by NASDAQ if the price drops below $1.00?'
Please see 8-K filed on January 9, 2020:
On January 7, 2020, Zion Oil & Gas, Inc. (“Zion” or “Company”) received a written notice from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s continued non-compliance with the $1.00 bid price, as set forth in the Nasdaq listing Rules 5550(a)(2), the Staff had determined to delist the Company’s common stock and warrants from The Nasdaq Capital Market effective January 16, 2020, unless the Company requests a hearing before the Nasdaq Hearings Panel (the “Panel”) in a timely manner. The Company will request the necessary hearing before the Panel , which will stay any further action by the Staff at least pending the ultimate conclusion of the hearing process. During the pendency of the requested hearing before the Panel, the Company’s common stock and warrant securities will remain listed and trading on Nasdaq.
The Company is diligently working to evidence compliance with all applicable requirements for continued listing on The Nasdaq Capital Market and intends to submit a plan to that effect to the Panel as part of the hearing process. The Company will present its exploration plans with the sourcing of a drilling rig and other information on its prospects that should make any reverse-stock split unnecessary to achieve bid price compliance. However, there can be no assurance that the Panel will grant the Company’s request for continued listing on Nasdaq or that the Company will be able to regain compliance with the applicable listing criteria within the period of time that may be granted by the Panel. In the event that the Panel does not accept the Company’s plan for continued listing of the Company’s securities on Nasdaq, the Company’s common stock would be eligible for trading on the OTCQX or OTCQB, which is operated by OTC Markets, Inc."
https://www.zionoil.com/faqs/
https://www.zonebourse.com/zbcache/charts/Obj...Traders_us
"Will Zion be delisted by NASDAQ if the price drops below $1.00?'
Please see 8-K filed on January 9, 2020:
On January 7, 2020, Zion Oil & Gas, Inc. (“Zion” or “Company”) received a written notice from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s continued non-compliance with the $1.00 bid price, as set forth in the Nasdaq listing Rules 5550(a)(2), the Staff had determined to delist the Company’s common stock and warrants from The Nasdaq Capital Market effective January 16, 2020, unless the Company requests a hearing before the Nasdaq Hearings Panel (the “Panel”) in a timely manner. The Company will request the necessary hearing before the Panel , which will stay any further action by the Staff at least pending the ultimate conclusion of the hearing process. During the pendency of the requested hearing before the Panel, the Company’s common stock and warrant securities will remain listed and trading on Nasdaq.
The Company is diligently working to evidence compliance with all applicable requirements for continued listing on The Nasdaq Capital Market and intends to submit a plan to that effect to the Panel as part of the hearing process. The Company will present its exploration plans with the sourcing of a drilling rig and other information on its prospects that should make any reverse-stock split unnecessary to achieve bid price compliance. However, there can be no assurance that the Panel will grant the Company’s request for continued listing on Nasdaq or that the Company will be able to regain compliance with the applicable listing criteria within the period of time that may be granted by the Panel. In the event that the Panel does not accept the Company’s plan for continued listing of the Company’s securities on Nasdaq, the Company’s common stock would be eligible for trading on the OTCQX or OTCQB, which is operated by OTC Markets, Inc."
https://www.zionoil.com/faqs/
https://www.zonebourse.com/zbcache/charts/Obj...Traders_us
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