Business Context and Reporting Period
This Form 8-K is filed by RAM Energy Resources, Inc. (trading symbol: RAME) on September 30, 2009. The report addresses a specific regulatory event regarding the company's listing status on The Nasdaq Capital Market. Note: The request metadata references "BATTALION OIL CORP," but the filing text explicitly identifies the registrant as RAM Energy Resources, Inc.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on compliance with stock exchange listing requirements.
Material Changes
- Regulatory Compliance: The Company regained compliance with Nasdaq's minimum bid price listing requirements as of September 30, 2009.
- Stock Price Performance: Following a notice of deficiency on September 15, 2009, the Company's common stock closed above the $1.00 per share minimum bid price for at least 10 consecutive trading days.
- Previous Status: Prior to this compliance, the stock had closed below the $1.00 minimum for 30 consecutive business days, triggering a 180-day cure period.
Outlook, Risks, and Management Commentary
Management Commentary: The filing confirms that the matter regarding the minimum bid price deficiency is now closed following the September 30 notification from Nasdaq.
Risks and Contingencies: The primary risk addressed was the potential delisting due to failure to maintain the $1.00 minimum bid price. This risk has been mitigated for the current period as compliance was restored.
Key Facts for Investor Verification
- Verify the current trading price of RAME to ensure it remains above the $1.00 minimum bid price to prevent future deficiency notices.
- Confirm the company's continued listing status on The Nasdaq Capital Market.
- Review subsequent filings for any new financial disclosures, as this 8-K contains no financial performance data.