USD Partners announces suspended NYSE trading

USD Partners LP announced that the Partnership received notification from the New York Stock Exchange that the NYSE will suspend trading of, and commence proceedings to delist, the Partnership’s common units, effective at the open of business eastern standard time on November 16, 2023. The determination was made in connection with the Partnership’s non-compliance with an NYSE listing requirement necessitating an average market capitalization of at least $15M over a consecutive 30 trading-day period. The Partnership has 10 business days to determine whether to appeal the NYSE’s delisting determination. The suspension and delisting determination do not affect the Partnership’s business, nor do they conflict with or cause an event of default under the Partnership’s Credit Agreement.