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8-KThe WireRoutine

Company Update

Filed Oct 11, 2024 · 1y ago · Accession 0001437749-24-031054

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM   8-K   CURRENT REPORT   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported):  October 10, 2024   US ENERGY CORP U.S. ENERGY CORP. (Exact name of registrant as specified in its charter)   Delaware   000-06814   83-0205516 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   1616 S. Voss ,   Suite 725 ,   Houston ,   Texas   77057 (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code:  ( 303 )   993-3200   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of exchange on which registered Common Stock, $0.01 par value   USEG   NASDAQ   Stock Market LLC (Nasdaq Capital Market)   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐         Item 8.01   Other Events.   On October 10, 2024, U.S. Energy Corp. (the “ Company ”) received a letter from The Nasdaq Stock Market (“ Nasdaq ”) notifying the Company that it has regained full compliance with the minimum bid price for continued listing on Nasdaq, pursuant to Nasdaq Listing Rule 5550(a)(2) (the “ Minimum Bid Price Requirement ”), because Nasdaq has determined that for 10 consecutive business days, the closing bid price of the Company’s common stock was at or above $1.00 per share.   Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement and the matter is now closed.   On October 11, 2024, the Company filed a press release disclosing the fact that it has regained compliance with the Minimum Bid Price Requirement. A copy of the press release is included herewith as  Exhibit 99.1  and the information in the press release is incorporated by reference into this  Item 8.01 .   Item 9.01. Financial Statements and Exhibits.   (d)  Exhibits .   Exhibit No.   Description 99.1*   U.S. Energy Press Release dated October 11, 2024 104   Inline XBRL for the cover page of this Current Report on Form 8-K   * Filed herewith.   SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     U.S. ENERGY CORP.         By: /s/ Ryan Smith     Ryan Smith     Chief Executive Officer         Dated:  October 11, 2024
Filing details
Ticker
BSIN
CIK
101594
Form type
8-K
Filing date
Oct 11, 2024
Report date
Oct 10, 2024
Document
useg20241009_8k.htm
Size
189 KB