SEC Filing Summary: RAM Energy Resources, Inc.
Business Context and Reporting Period
This Form 8-K was filed by RAM Energy Resources, Inc. on September 15, 2009. The report addresses a regulatory notice regarding the company's listing status on The Nasdaq Capital Market. Note: The request metadata referenced "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 values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on stock price compliance rather than financial performance metrics.
Material Changes
The material event reported is the receipt of a notification from The Nasdaq Stock Market. The company's common stock closed below the $1.00 per share minimum bid price requirement for 30 consecutive business days preceding September 15, 2009, violating Nasdaq Marketplace Rule 5550(a)(2).
Outlook, Risks, and Contingencies
- Compliance Period: The company has 180 calendar days (until March 15, 2010) to regain compliance.
- Remediation Requirement: To remain listed, the closing bid price must meet or exceed $1.00 per share for a minimum of 10 consecutive business days during the compliance period.
- Delisting Risk: If compliance is not achieved within the initial 180 days, the company may qualify for an additional 180-day period if it meets all other initial listing standards. Failure to regain compliance in either period will result in a determination to delist the stock.
- Appeal Process: A delisting determination may be appealed through various stages of review within Nasdaq.
Investor Verification Checklist
- Verify the current trading price of RAM Energy Resources, Inc. common stock to assess proximity to the $1.00 threshold.
- Monitor subsequent filings for updates on the 180-day compliance status.
- Review the company's most recent public filings to confirm it meets all other Nasdaq initial listing standards (excluding bid price) in case a second compliance period is required.
- Check for any announced reverse stock splits or other corporate actions intended to increase the share price.