Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On March 23, 2020, Rosehill Resources, Inc. (the "Company") received a letter from The Nasdaq Stock Market LLC ("Nasdaq") indicating that for the 30 consecutive business days ending March 20, 2020, the bid price for the Company's common stock had closed below the $1.00 per share minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).

Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until September 21, 2020, to regain compliance by meeting the continued listing standard. To regain compliance, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during the 180 calendar day period.

The Company is monitoring the bid price of its common stock and may, if appropriate, consider implementing options available to it to regain compliance with the minimum bid price requirement.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses