NEW YORK, Dec. 25, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors from National Energy Services Reunited Corp. (“NESR” or the “Company”) NESR. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether NESR and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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On November 7, 2022, NESR issued a press release advising investors that the Company “received a delisting determination letter (the ‘Determination Letter’) from Nasdaq on November 1, 2022,” which “notified the Company thereof that it had not filed its annual report on Form 20-F for the year ended December 31, 2021 (the “2021 20-F”) by October 31, 2022, the deadline by which the Company filed the 2021 20 -F had to file for recovery to comply with Listing Rule 5250(c)(1), the Company’s common stock and warrants are subject to delisting from the Nasdaq Capital Market.”

As a result of this news, NESR’s share price fell $0.56 per share, or 7.7%, to close at $6.71 per share on November 7, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980