Ocean Rig announces favorable Nasdaq compliance determination
Ocean Rig UDW Inc.an international contractor of offshore deepwater drillling services, has received formal notice from the Nasdaq Stock Market that it has demonstrated compliance with all applicable requirements for the continued listing of Ocean Rig’s common stock on Nasdaq.
As previously announced on June 12, 2017, the Nasdaq Hearings Panel had granted Ocean Rig a conditional exception from the decision by the Nasdaq Staff to delist Ocean Rig's common stock and had asked Ocean Rig to demonstrate compliance with certain listing requirements upon emergence from its financial restructuring. Ocean Rig announced the completion of its financial restructuring on September 22, 2017.
Nasdaq confirmed that, as a result of its favorable determination, Ocean Rig’s common stock will continue t o be listed on The Nasdaq Global Select Market and that the compliance matter is now closed.
About Ocean Rig UDW Inc.
Ocean Rig is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling, and specializing in the ultra - deepwater and harsh - environment segment of the offshore drilling industry.