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HOUSTON, Feb. 23, 2021 /PRNewswire/ U.S. Well Services, Inc. (Nasdaq: USWS) (the Company ), a market leader in electric fracture stimulation services, today announced that it received written notice from the Nasdaq Stock Market LLC ( Nasdaq ) on February 22, 2021 confirming that the Company has regained compliance with Listing Rule 5550(a)(2) (the Minimum Bid Price Rule ) and that it is in compliance with other applicable requirements as required for listing on the Nasdaq. Accordingly, the Panel has determined to continue the listing of the Company s securities on Nasdaq.
The Nasdaq Hearings Panel has determined to impose a monitoring period, pursuant to Listing Rule 5815(d)(4)(A), until August 23, 2021 (the Panel Monitor ). During the Panel Monitor, the Company shall be under an obligation to notify the Panel in writing, in the event of a closing bid price below $1.00 on any trading day, and in the event the Company falls out of comp