Evolve Transition Infrastructure Announces Delay in Effectiveness of Reverse Split
June 13 2023 - 5:45AM
Evolve Transition Infrastructure LP (OTC: SNMP) (“Evolve”) today
announced that it is amending the date for its previously announced
reverse split of its common units representing limited partner
interests in Evolve (“Common Units”), which was to be effective as
of the opening of trading on June 14, 2023. The delay in effecting
the reverse split is due to the fact that this corporate action is
now subject to review by the Financial Industry Regulatory
Authority (“FINRA”) as a result of the Common Units initiating
trading on the over-the-counter market on June 7, 2023. Evolve will
set and announce a new effective date for the reverse split
following the successful completion of FINRA’s review.
ABOUT THE PARTNERSHIP
Evolve Transition Infrastructure LP is a
publicly-traded limited partnership formed in 2005 focused on the
acquisition, development and ownership of infrastructure critical
to the transition of energy supply to lower carbon sources. Evolve
owns natural gas gathering systems, pipelines and processing
facilities in South Texas and continues to pursue energy transition
infrastructure opportunities.
ADDITIONAL INFORMATION
Additional information about Evolve can be found
in Evolve’s documents on file with the United States Securities and
Exchange Commission (“SEC”) which are available on Evolve’s website
at www.evolvetransition.com and on the SEC’s website at
www.sec.gov.
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking
statements,” which involve risks and uncertainties. All statements,
other than statements of present or historical fact, included in
this press release are forward-looking statements. Any statements
that refer to Evolve’s future strategy, future uses of capital,
future operations, plans and objectives of management or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. In some
cases, you can identify forward-looking statements by terminology
such as “may,” “expect,” “plan,” “anticipate,” “believe,” “project”
or the negative of such terms or other similar expressions. These
forward-looking statements are based on management’s current
beliefs, expectations and assumptions regarding the future of
Evolve’s business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions.
These forward-looking statements are subject to
known and unknown risks, uncertainties and assumptions about Evolve
that may cause Evolve’s actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by such forward looking statements. Therefore,
you should not rely on any of these forward-looking statements.
Management cautions all readers that the forward-looking statements
contained in this press release are not guarantees of future
performance, and actual results may differ materially from those
anticipated or implied in forward-looking statements. For more
information concerning factors that could cause actual results to
differ from those expressed or forecasted, please read Evolve’s
filings with the SEC, with particular attention to the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections in Evolve’s most
recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q, all of which are available on Evolve’s website at
www.evolvetransition.com and on the SEC’s website at www.sec.gov.
These cautionary statements qualify all forward-looking statements
attributable to Evolve or persons acting on Evolve’s behalf. Except
as otherwise required by applicable law, Evolve disclaims any duty
to update any forward-looking statements, all of which are
expressly qualified by the statements in this section, to reflect
events or circumstances after the date of this press release.
PARTNERSHIP CONTACTCharles C.
WardInterim Chief Executive Officer and Chief Financial
Officerir@evolvetransition.com(713) 800-9477
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