Company: NINE
Filing Date: 2025-05-02
Form Type: 8-K
Source: 0001193125-25-111699
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Company: Nine Energy Service, Inc.
Filing Date: 2025-05-02
Form: 8-K
Item: Item 3.01
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Item 3.01      Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.  

On April 30, 2025, Nine Energy Service, Inc. (the “ Company”) received written notification (the “ Price Criteria Notice”) from the New York Stock Exchange (the “ NYSE”) that the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing share price of the Company’s common stock, par value $0.01 per share (the “ Common Stock”), was less than $1.00 over a consecutive 30 trading-dayperiod.

The Company plans to notify the NYSE within the required timeframe that it intends to cure the stock price deficiency and regain compliance. Under the NYSE’s rules, the Company can regain compliance at any time within the six-monthperiod following receipt of the Price Criteria Notice if on the last trading day of any calendar month during the six-monthcure period the Common Stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-dayperiod ending on the last trading day of that month.

The Company intends to consider all available options to cure the deficiency and regain compliance, including, but not limited to, a reverse stock split, subject to stockholder approval no later than at the Company’s next annual meeting of stockholders, if necessary to cure the stock price non-compliance. Under the NYSE’s rules, if the Company determines that it will cure the stock price deficiency by taking an action that will require stockholder approval, the Company must obtain the stockholder approval by no later than its next annual meeting of stockholders and implement the action promptly thereafter, and the price condition will be deemed cured if the price promptly exceeds $1.00 per share and the price remains above that level for at least the following 30 trading days.

The Price Criteria Notice is separate from the previously disclosed notice of noncompliance that the Company received from the NYSE on October 21, 2024 due to the Company’s average global market capitalization falling below $50,000,000 over a trailing consecutive 30 trading-dayperiod while its stockholders’ equity was less than $50,000,000. In accordance with applicable NYSE procedures, the Company developed and submitted a plan to the NYSE demonstrating how it intends to regain compliance with the market capitalization and stockholders’ equity continued listing standard within