Benzinga | Feb 17, 2021 08:05AM EST

US Well Services Receives Nasdaq Listing Extension

HOUSTON, Feb. 17, 2021 /PRNewswire/ -- U.S. Well Services, Inc. (NASDAQ:USWS) today announced that a Nasdaq Hearings Panel (the "Panel") has granted its request for an extension of time to demonstrate compliance with Listing Rule 5550(a)(2) (the "Minimum Bid Price Rule"). As a condition of the Panel's decision, the Company is required to demonstrate compliance with the Minimum Bid Price Rule by evidencing a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days by June 7, 2021. As of the close of business on February 16, 2021, the Company has demonstrated a closing bid price of at least $1.00 per share for seven consecutive trading days.