NEW YORK, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against National Energy Services Reunited Corp. (“NESR” or the “Company”) (NASDAQ: NESR) on behalf of NESR stockholders. Our investigation concerns whether NESR has violated the federal securities laws and/or engaged in other unlawful business practices.
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On November 7, 2022, NESR issued a press release advising investors that the Company had "received a delisting determination letter (the ‘Determination Letter') on November 1, 2022" from Nasdaq, which "notified the Company that since it had not filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 (the ‘2021 20-F') by October 31, 2022, the deadline by which the Company was to file the 2021 20-F in order to regain compliance with Listing Rule 5250(c)(1), the Company's ordinary shares and warrants are subject to delisting from The Nasdaq Capital Market."
On this news, NESR's stock price fell $0.56 per share, or 7.7%, to close at $6.71 per share on November 7, 2022.
If you purchased or otherwise acquired NESR shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
