HOUSTON, Aug. 28,
2024 /PRNewswire/ -- Independence Contract Drilling,
Inc. (the "Company" or "ICD") announced today the expected move of
trading of the Company's Common Stock to the OTCQX Best Market from
the New York Stock Exchange ("NYSE"). The Common Stock is
expected to begin trading on the OTCQX Best Market under ticker
symbol "ICDI" upon the opening of trading on August 29, 2024. The move from the NYSE is
precipitated from the Company's average market capitalization, or
total trading value, falling below the $15
million threshold over a 30 trading-day period that is
required to remain in compliance with the NYSE's listing
standards.
Existing stockholders will find the Company's common stock
quoted on the OTCQX Best Market without any further action needed.
For quotes or additional information on the OTCQX Best Market,
please visit otcmarkets.com.
About Independence Contract Drilling, Inc.
Independence Contract Drilling provides land-based contract
drilling services for oil and natural gas producers in the United States. The Company constructs,
owns and operates a fleet of pad-optimal ShaleDriller rigs that are
specifically engineered and designed to accelerate its clients'
production profiles and cash flows from their most technically
demanding and economically impactful oil and gas properties. For
more information, visit www.icdrilling.com.
INVESTOR CONTACTS:
Independence Contract Drilling, Inc.
E-mail inquiries to: Investor.relations@icdrilling.com
Phone inquiries: (281) 598-1211
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SOURCE Independence Contract Drilling, Inc.