Welcome to our dedicated page for Brooge Energy news (Ticker: BROG), a resource for investors and traders seeking the latest updates and insights on Brooge Energy stock.
Brooge Energy Ltd (BROG) provides essential oil storage and midstream services through its strategic operations near the Port of Fujairah. This news hub offers investors and industry professionals verified updates about the company’s activities in the UAE energy sector.
Access official press releases covering operational milestones, storage capacity expansions, and strategic partnerships. Our curated collection includes earnings reports, regulatory filings, and announcements about clean petroleum product initiatives – all critical for understanding the company’s market position.
Key updates feature developments from subsidiary BPGIC, operational efficiency metrics, and industry-specific advancements in oil blending accuracy. The resource serves as a reliable reference for tracking the company’s role in global energy logistics without speculative commentary.
Bookmark this page for streamlined access to Brooge Energy’s latest announcements. Check regularly for updates on storage infrastructure developments, biofuel integration progress, and other material events shaping the company’s trajectory in petroleum services.
Brooge Energy Limited (NASDAQ: BROG) has announced its voluntary delisting from the Nasdaq Capital Market. The company plans to file Form 25 with SEC and Nasdaq around June 9, 2025, with the last trading day expected to be around June 19, 2025. Following delisting, Brooge will file Form 15 to suspend SEC reporting obligations, with formal deregistration becoming effective 90 days later.
The Board's decision for delisting was based on factors including lack of active trading market and the significant operating expenses related to maintaining SEC and Nasdaq compliance. The company will not seek listing on another securities exchange.
Brooge Energy, an infrastructure provider specializing in Clean Petroleum Products and Biofuels, has received a non-compliance letter from Nasdaq due to its failure to file Form 20-F for the period ending December 31, 2023. The company has 60 days to submit a compliance plan and could be granted an extension until November 11, 2024. The delay in filing is partly due to a board restructure in December 2023 and the final stages of a proposed acquisition by a Dubai Financial Market-listed company. This potential acquisition might lead to Brooge Energy's delisting from Nasdaq, with an estimated closing in the 3rd or 4th quarter of 2024.
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