Upon commencement of trading on the NYSE, the company’s Class A common stock ceased trading on the OTCQB market.
Chaparral Energy (NYSE:CHAP), announced the company’s Class A common stock began trading July 24, on the New York Stock Exchange (NYSE) under the new symbol “CHAP.” Upon commencement of trading on the NYSE, the company’s Class A common stock ceased trading on the OTCQB market.
As quoted from the press release:
“Chaparral’s uplisting to the NYSE marks another historic milestone for our company,” said CEO Earl Reynolds. “Over the last year and a half we have successfully completed our strategic shift to becoming a pure-play stack operator and significantly strengthened our balance sheet. Our move to the NYSE market will allow us to create greater long-term value for our stockholders and increase our presence within the investor community as we continue to deliver outstanding results in one of the country’s most active and economic plays.”
“We are pleased to have Chaparral begin trading on the NYSE. We look forward to providing Chaparral with the unique benefits of our market model, network and services,” said John Tuttle, chief operating officer, NYSE.