Summary by Futu AI
On August 7, 2024, Camber Energy, Inc. received a notification from NYSE Regulation stating that trading of its common stock on the NYSE American has been suspended and that proceedings to delist the stock have begun. The delisting proceedings are due to the company's failure to meet the NYSE American's continued listing standards, specifically citing the low selling price of Camber Energy's common stock as the reason under Section 1003(f)(v) of the NYSE American Company Guide. Camber Energy plans to appeal the decision to delist its stock and has the right to a review by the Listings Qualifications Panel of the NYSE American. While the appeal process is underway, the company's common stock is expected to start trading on the OTC Pink Market under the same trading symbol 'CEI' from August 8, 2024. Additionally, Camber Energy is seeking to have its stock quoted on the OTCQB Venture Market, although there is no guarantee of approval or continued trading on this market.