Enservco runs afoul of regulators over stockholder equity threshold

LONGMONT — Enservco Corp. (NYSE American: ENSV) has received notification from the New York Stock Exchange that the Longmont-based provider of specialized well-site services to the oil and gas industry is below the required threshold for stockholder equity.

The “stockholders’ equity of approximately $5.2 million for the second quarter ended June 30, 2022, was below the required minimum level of $6 million,” Enservco said in a statement last week. 

By Jan. 9, 2023, Enservco must “submit a plan to cure the deficiency and regain compliance with continued listing standards,” the company said.

Assuming such a plan meets the NYSE’s standards, Enservco would have…