CSI Compressco LP Returns to Compliance with NASDAQ Minimum Closing Bid Price Rule


THE WOODS, Texas, Dec. 18, 2020 / PRNewswire / – CSI Compressco LP (“CSI Compressco” or the “Partnership”) (NASDAQ: CCLP) announced that it received a letter from Nasdaq Stock Market LLC (“Nasdaq”) on December 17, 2020 which contained a NASDAQ compliance determination that the Partnership has regained compliance with NASDAQ Listing Rule 5450 (a) (1), which requires listed securities to maintain a minimum closing bid price of $ 1.00 per unit. CSI Compressco Common Units maintained a closing bid price of at least $ 1.00 per unit for more than ten consecutive trading days. As a result, CSI Compressco has regained compliance with Nasdaq Listing Rule 5450 (a) (1) and Nasdaq considers the issue of under-pricing of the previous offering to be closed.

Presentation of CSI Compressco

CSI Compressco is a supplier of compression equipment and services for natural gas and petroleum production, gathering, artificial lifting, transmission, processing and storage. CSI Compressco’s compression and related services business includes a fleet of over 4,900 compressor units delivering approximately 1.17 million horsepower, using a full range of low, medium and high horsepower engines. CSI Compressco also provides well monitoring and automated sand separation services in conjunction with compression and related services in select Latin American markets. CSI Compressco’s after-sales activity provides reconfiguration and maintenance services for compressor assemblies. CSI Compressco’s customers include a broad base of natural gas and petroleum exploration and production companies, intermediary, transportation and storage companies operating in many of the land-based producing regions of the region. United States, as well as in several foreign countries, including Mexico, Canada and Argentina. CSI Compressco is managed by CSI Compressco GP Inc., which is an indirect wholly owned subsidiary of TETRA Technologies, Inc. (NYSE: TTI).

SOURCE CSI Compressco LP

Related links

http://www.compressco.com


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