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.
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