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THE WOODLANDS, Texas, Jan. 29, 2021 /PRNewswire/ TETRA Technologies, Inc. ( TETRA or the Company ) (NYSE: TTI) announced today a series of transactions related to CSI Compressco including (i) the sale to Spartan Energy Partners ( Spartan ) of its General Partner ( GP ) interests, incentive distribution rights ( IDRs ) and 10.95 million of the 16.19 million common units TETRA owned in CSI Compressco LP ( CSI Compressco or CCLP ) for $13.95 million, plus a contingent payment that could increase the proceeds to $17.1 million if certain financial targets are met; (ii) the sale of 15 large compressor units for $14.2 million that are subject to a lease arrangement with CSI Compressco and (iii) the settlement of outstanding intercompany balances for which CCLP paid TETRA $2.5 million, resulting in combined proceeds of approximately $30.7 million, or $33.8 million if the contingent payment is earned. As a result of these transactions, TETRA wi
/PRNewswire/ CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash.
CSI Compressco LP Regains Compliance With NASDAQ Minimum Closing Bid Price Rule
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THE WOODLANDS, Texas, Dec. 18, 2020 /PRNewswire/ CSI Compressco LP ( CSI Compressco or the Partnership ) (NASDAQ: CCLP) announced that it received a letter from the Nasdaq Stock Market LLC ( Nasdaq ) on December 17, 2020 which contained a NASDAQ compliance determination that the Partnership has regained compliance with NASDAQ Listing Rule 5450(a)(1), which requires listed securities to maintain a minimum closing bid price of $1.00 per unit. CSI Compressco s common units have maintained a closing bid price of at least $1.00 per unit for more than ten consecutive trading days. Accordingly, CSI Compressco has regained compliance with Nasdaq Listing Rule 5450(a)(1) and Nasdaq considers the prior bid price deficiency matter now closed.