Oasis Petroleum Inc. (OAS)

[Rayland]

Our common stock was delisted from NASDAQ and is currently trading in an over-the-counter market, which involves additional risks compared to being listed on a national securities exchange.
Since October 12, 2020, our common stock has been trading on the OTC Pink Marketplace maintained by the OTC Markets Group, Inc. under the symbol “OASPQ.” Securities traded in the over-the-counter market generally have significantly less liquidity than securities traded on a national securities exchange, due to factors such as a reduction in the number of investors that will consider investing in the securities, the number of market makers in the securities, reduction in securities analyst and news media coverage and lower market prices than might otherwise be obtained. In addition to those factors, the market for the outstanding shares of our common stock has been adversely affected by the provisions of the RSA that contemplate that our
67
Table of Contents

existing equity interests will be cancelled and discharged in connection with the Chapter 11 Cases and the holders of those equity interests, including the holders of our outstanding shares of common stock, will be entitled to a pro rata share of the New Warrants. We can provide no assurance that our common stock will continue to trade on the OTC Pink Marketplace, whether broker-dealers will continue to provide public quotes of our common stock on that market, whether the trading volume of our common stock will be sufficient to provide for an efficient trading market or whether quotes for our common stock will continue to be provided on that market in the future.http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=115420855&type=HTML&symbol=OASPQ&companyName=Oasis+Petroleum+Inc.&formType=10-Q&dateFiled=2020-11-05&CK=1486159