Evergreen Energy, Inc. (EEE)

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Evergreen Energy, Inc.
1225 17th Street
Suite 1300
Denver, CO 80202-5506
United States - Map
Phone: 303-293-2992
Fax: 303-293-8430
Web Site: Evergreen Energy

DETAILS
Index Membership: N/A
Sector: Utilities
Industry: Electric Utilities
Full Time Employees: 175


BUSINESS SUMMARY
Evergreen Energy, Inc. operates as a coal refining and production company. Its K-Fuel process uses heat and pressure to physically and chemically transform high moisture and low British thermal unit coals, such as sub-bituminous coal and lignite, into a lower emission fuel for the industrial, international, and public utility market customers. The K-Fuel process also removes mercury amounts and reduces the emissions of carbon dioxide, sulfur dioxide, and nitrogen oxides. The company engages in mining operations at Buckeye location, which includes the ash disposal facility and the blending facility. It also sub-licenses its technology to standardize the measurement of carbon emissions in energy and agricultural related activities. The company was founded in 1981. It was formerly known as KFx, Inc. and changed its name to Evergreen Energy, Inc. in 2006. Evergreen is headquartered in Denver, Colorado.
EEE: Profile for EVERGREEN ENERGY INC - Yahoo! Finance

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Form 8-K for EVERGREEN ENERGY INC


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8-Oct-2009

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standa



Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On October 2, 2009, Evergreen Energy Inc. (the "Company") was notified by NYSE Arca, Inc. ("NYSE Arca") that it was not in compliance with NYSE Arca's continued listing standard under Rule 5.5(b)(2) of the NYSE Arca Equities Rules. The standard requires that a listed common stock must maintain an average closing price in excess of $1.00 over a consecutive 30 trading-day period.

The Company has six months from the receipt of the notice to regain compliance with the NYSE Arca price condition, or it will be subject to suspension and delisting procedures. Subject to NYSE Arca rules, during the six-month cure period, the Company's common stock will continue to be listed, and trade on NYSE Arca. At the end of the six-month period, the Company will be in compliance if it has at least a $1.00 share price and has maintained a $1.00 average closing share price over the preceding 30 consecutive trading days.

The Company is currently exploring alternatives for curing the deficiency and restoring compliance with NYSE Arca's continued listing standard. As required by Rule 5.5(b) of the NYSE Arca Equities Rules, the Company will notify NYSE Arca within 10 business days from receipt of the notice of its intent to cure the deficiency and of the specific steps it is planning to take to regain compliance. The Company has also issued a press release as required by the NYSE Arca rules related to the matter described herein. A copy of the press release is attached hereto as Exhibit 99.1.


Summary of EVERGREEN ENERGY INC - Yahoo! Finance