Item 7.01 Regulation FD Disclosure.
On January 25, 2021, U.S. Well Services, Inc. (the "Company") issued a press
release announcing that on January 22, 2021 it received written notice (the
"Notice") from the Listing Qualifications Staff of the Nasdaq Stock Market LLC
("Nasdaq") notifying the Company that for at least 10 consecutive business days,
from January 8, 2021 to January 21, 2021, the Company's market value of listed
securities has been $35,000,000 or greater. Accordingly, the Company has
regained compliance with the alternative requirement set forth under Nasdaq
Listing Rule 5550(b)(2) (the "MLVS Requirement") and the matter with respect to
the MLVS Requirement is now closed. The press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
As previously disclosed, the Company was also notified by Nasdaq on December 29,
2020 that it had not regained compliance with the $1.00 minimum bid price
requirement for continued listing on Nasdaq set forth in Nasdaq Listing Rule
5550(a)(2) (the "Minimum Bid Price Requirement") by its December 28, 2020
deadline and the Nasdaq therefore had determined to delist the Company's common
stock. The Company appealed the Nasdaq's determinations regarding the Minimum
Bid Price Requirement to a Hearings Panel (the "Panel") and plans to present its
plan to regain compliance with the Minimum Bid Price Requirement at its upcoming
hearing before the Panel.
In accordance with General Instruction B.2 of Form 8-K, the foregoing
information, including Exhibit 99.1, shall not be deemed "filed" for the
purposes of Section 18 of the Exchange Act or otherwise subject to the
liabilities of that section, nor shall such information and Exhibit 99.1 be
deemed incorporated by reference in any filing under the Securities Act or the
Exchange Act, except as shall be expressly set forth by specific reference in
such a filing.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
Exhibit
NumberDescription
99.1 Press Release dated January 25, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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U.S. WELL SERVICES, INC. 
