Vertex Energy Inc (OTC:VTNRQ)., a petroleum refining company, disclosed its monthly operating reports for the periods ended September 30, October 31, and November 30 of 2024 as part of its ongoing Chapter 11 bankruptcy proceedings.
This information was filed with the United States Bankruptcy Court for the Southern District of Texas, as stated in a Form 8-K filed today by the company.
These monthly operating reports, which are publicly available, were prepared to comply with the Bankruptcy Court's requirements and do not conform to generally accepted accounting principles in the United States. They were not audited or reviewed by independent accountants and are subject to future adjustment. The company cautions investors not to place undue reliance on the data in these reports for making investment decisions.
The filings come after Vertex Energy and its subsidiaries entered voluntary Chapter 11 bankruptcy on September 24, 2024. On December 20, 2024, the Bankruptcy Court confirmed the company's restructuring plan. The reports exclude non-Debtor entities and do not necessarily reflect the company's broader financial condition or operating results.
Previously, on September 27, 2024, Vertex Energy received notice from Nasdaq that its common stock would be delisted due to non-compliance with listing requirements. By October 8, 2024, trading was suspended, and the stock began trading on the OTC Pink Market under the ticker VTNRQ. On January 10, 2025, Nasdaq announced the delisting of the company’s common stock.
The information for this article was obtained from a recent 8-K filing with the Securities and Exchange Commission.
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