The New York Stock Exchange (NYSE) will delist the common units of Azure Midstream Partners LP because the continued listing standard of an average global market capitalization for the units of at least $15 million for a 30 trading-day period was not maintained, the company said June 6.
NYSE suspended the units at the close of trading June 3, the company said.
Azure said it is considering any actions it could take regarding NYSE’s delisting of its units; the units will begin trading on the OTC Exchange June 6.
Azure said it will remain subject to the public reporting requirements of the Securities and Exchange Commission following the transfer to the OTC Exchange.
Azure Midstream Partners LP is based in Dallas.
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