VERTEX ENERGY, INC. (NASDAQ:VTNR) Files An 8-K Other EventsItem 8.01 Other Events.
On February 2, 2018, Vertex Energy, Inc. (the “Company”), received notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“Nasdaq”), notifying the Company that it was back in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
The Company was previously notified on September 22, 2017, that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) because its common stock had failed to maintain a minimum bid price of $1.00 per share for a period of thirty (30) consecutive business days.
to the February 2, 2018 letter, Nasdaq notified the Company that the closing bid price of the Company’s common stock had exceeded $1.00 for the prior 10 consecutive days and as such the Company has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.
About VERTEX ENERGY, INC. (NASDAQ:VTNR)
Vertex Energy, Inc. is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions. The Company’s product categories include Used Motor Oil, Fuel Oil, pyrolysis gasoline (Pygas), Gasoline Blendstock and Base Oil. The Black Oil division is engaged in operations across the used motor oil recycling value chain, including collection, aggregation, transportation, storage, refinement and sales of aggregated feedstock and re-refined products to end users. The Refining and Marketing division is engaged in the aggregation of feedstock, re-refining it into end products, and selling these products to customers. The Recovery division is a provider of generator solutions for the recovery and management of hydrocarbon streams.
