December 09, 2016 4:38 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Gulf Coast Ultra Deep Royalty Trust

Company Overview

919 Congress Avenue

Suite 500

Austin, TX 78701

United States

Phone:

512-236-6599

Key Executives for Gulf Coast Ultra Deep Royalty Trust

Gulf Coast Ultra Deep Royalty Trust does not have any Key Executives recorded.

Gulf Coast Ultra Deep Royalty Trust Key Developments

Nasdaq Stock Market To Delist Units/Beneficial Interest Of Gulf Coast Ultra Deep Royalty Trust

The Nasdaq Stock Market announced that it will delist the units/beneficial interest of Gulf Coast Ultra Deep Royalty Trust. Gulf Coast Ultra Deep Royalty Trust’s stock was suspended on October 16, 2015 and has not traded on Nasdaq since that time. Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting of the company. The delisting becomes effective ten days after the Form 25 is filed.

Gulf Coast Ultra Deep Royalty Trust(OTCPK:GULT.U) dropped from NASDAQ Composite Index

Gulf Coast Ultra Deep Royalty Trust will be removed from Nasdaq Composite Index.

Gulf Coast Ultra Deep Royalty Trust Fails To Regain Compliance With NASDAQ Listing Rule

On April 8, 2015, Gulf Coast Ultra Deep Royalty Trust (the Royalty Trust) received a letter from the Listing Qualifications Staff (the Staff) of The NASDAQ Stock Market LLC (NASDAQ) notifying the Royalty Trust that, because the closing bid price of the royalty trust units representing beneficial interests in the Royalty Trust (the royalty trust units) had been below $1.00 per unit for 30 consecutive business days, the Royalty Trust no longer complied with the bid price requirements for continued listing on The NASDAQ Capital Market set forth in NASDAQ Listing Rule 5550(a)(2). On October 7, 2015, the Royalty Trust received a letter from the Staff notifying the Royalty Trust that, as a result of the Royalty Trust’s failure to regain compliance with NASDAQ Listing Rule 5550(a)(2) within the 180-day period provided by the Staff, the royalty trust units are now subject to delisting from The NASDAQ Capital Market. The letter further provides that, unless the Royalty Trust requests an appeal of this determination, trading of the royalty trust units will be suspended at the opening of business on October 16, 2015, and NASDAQ will file a Form 25-NSE with the Securities and Exchange Commission (SEC), which will remove the royalty trust units from listing and registration on The NASDAQ Capital Market. The Royalty Trust does not intend to appeal the Staff’s delisting determination. The royalty trust units are expected to be quoted on the OTCQX U.S. tier of the over-the-counter, or OTC, markets immediately upon suspension of trading on The NASDAQ Capital Market. The transition of the royalty trust units to the OTCQX U.S. will have no effect on the Royalty Trust’s obligation to file reports with the SEC under applicable federal securities laws.

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