|Bid||5.53 x 900|
|Ask||0.00 x 1000|
|Day's Range||5.50 - 5.67|
|52 Week Range||1.50 - 26.10|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.00|
Synthesis Energy Systems, Inc. (SES) (SES) today announced the finalization of the pre-emptive rights process that was required to be undertaken, pursuant to the constitution of Batchfire Resources Pty Ltd (Batchfire), in respect of the Batchfire shareholders who had entered into a Share Exchange Agreement with SES, accepting SES’s offer to acquire their shares in Batchfire, which is the owner of the Callide Mine in Queensland, Australia. The other shareholders in Batchfire elected not to exercise their pre-emptive rights over these shares.
The company has managed to buy itself some time — it has until early December before delisting proceedings can proceed.
Synthesis Energy Systems, Inc. (SES) (SES) today announced that, as expected, the Company received an additional delinquency notification letter from the Listing Qualifications Staff (the Staff) of The Nasdaq Stock Market LLC due to the Company’s continued non-compliance with Nasdaq Listing Rule 5250(c)(1), (the Rule) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. As previously disclosed, the Company earlier received notice from the Staff regarding its non-compliance with the Rule following the Company’s delay in the filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2019 and its non-compliance with the minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1).
Synthesis stockholders' equity has fallen below listing standards, and the company has nearly run out of time to fix the issue.
Synthesis Energy Systems, Inc. (SES) (SES) today announced that on November 13, 2019, the Company received notification from the Listing Qualifications staff (the Staff) of The Nasdaq Stock Market LLC indicating that the Company did not meet the terms of the previously granted extension, relating to noncompliance with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. The extension was based on the Company’s plan to complete a merger transaction with Australian Future Energy Pty Ltd (AFE). As a result, the Staff has determined that the Company’s securities would be subject to delisting unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the Panel).
Houston-based Synthesis Energy Systems Inc. (Nasdaq: SES) is the latest in what is becoming a long line of Houston energy companies to earn delisting warnings from the public stock exchanges. The company has until Dec. 16 to either file the report or make a plan by which to regain compliance, according to the SEC filing. The Nasdaq notice comes just a few days after Synthesis Energy announced an agreement to acquire the shares of Australian Future Energy Pty. Ltd. that it doesn’t already own for about $36 million, according to a Synthesis press release.
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Synthesis Energy Systems Makes Offer to Acquire Sharesin Batchfire Resources Transaction Highlights: Acquisition of 100% of Australian Future Energy, with pre-commitments.
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Synthesis Energy Systems, Inc. (SES, Company) (SES), today announced that the Company has entered into a Technology Purchase Option Agreement with Australian Future Energy Pty Ltd (AFE) for the sale of its subsidiary company, Synthesis Energy Systems Technologies, LLC (SEST) which owns the SES Gasification Technology (SGT) and its related SGT global business undertakings.
Synthesis Energy Systems, Inc. (SES) (SES), today announced that its Board of Directors has engaged Clarksons Platou Securities, Inc. to act as its financial advisor to the Company as it conducts a process to evaluate strategic alternatives and financing options focused on maximizing shareholder value. Such alternatives could include but not be limited to a strategic merger, a sale of all or part of the Company, a recapitalization and/or a financing consisting of equity and/or debt securities. Clarksons Platou Securities, Inc. is a registered broker-dealer subsidiary of Clarksons PLC headquartered in New York.