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Evolve Transition Infrastructure LP - SNMP STOCK NEWS

Welcome to our dedicated news page for Evolve Transition Infrastructure LP (Ticker: SNMP), a resource for investors and traders seeking the latest updates and insights on Evolve Transition Infrastructure LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Evolve Transition Infrastructure LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Evolve Transition Infrastructure LP's position in the market.

Rhea-AI Summary
Evolve Transition Infrastructure LP (NYSE American: SNMP) announced that the General Partner will purchase all outstanding Common Units for $1.389285 per Transaction Unit on February 16, 2024, resulting in 100% ownership and delisting from NYSE American.
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Evolve Transition Infrastructure LP has resolved the low selling price deficiency and NYSE American will lift the trading suspension on the Partnership's common units on July 31, 2023. Evolve continues to work on regaining compliance with NYSE American's listing standards by June 6, 2024.
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Rhea-AI Summary
Evolve Transition Infrastructure LP (OTC: SNMP) has announced a delay in its previously announced reverse split of its common units. The delay is due to the review by the Financial Industry Regulatory Authority (FINRA) as a result of the Common Units initiating trading on the over-the-counter market.
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Evolve Transition Infrastructure LP (Evolve) announced a 1-for-30 reverse split on its common units. The reverse split will be effective after the market closes on June 13, 2023. Evolve's common units will continue trading on the NYSE American under the ticker symbol SNMP and will begin trading on a split-adjusted basis when the market opens on June 14, 2023. The reverse split is intended to bring the Partnership into compliance with the continued listing standards of the NYSE American. The Partnership anticipates a decrease in the number of common units outstanding from approximately 254.4 million to 8.5 million.
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Evolve Transition Infrastructure LP

OTC:SNMP

SNMP Rankings

SNMP Stock Data

11.12M
1.51M
8.11%
100.31%
0.11%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About SNMP

evolve transition infrastructure lp (nyse american: snmp) is a publicly-traded limited partnership formed in 2005 focused on the acquisition, development and ownership of infrastructure critical to the transition of energy supply to lower carbon sources. we own natural gas gathering systems, pipelines, and processing facilities in south texas and continue to pursue energy transition infrastructure opportunities. posts do not incorporate all of evolve's press releases. for a complete listing, please visit: https://evolvetransition.gcs-web.com/news-releases