SUPERIOR DRILLING PRODUCTS, INC. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Other Events, Financial Statements and Exhibits (form 8-K)

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On January 28, 2021, the Company received notice from the NYSE American LLC ("NYSE American") that the NYSE American had accepted the Company's plan to regain compliance with the continued listing standards of the NYSE American. The Company has been granted a plan period through May 18, 2022 to regain compliance. The plan was submitted by the Company on December 18, 2020 as a result of the notification from the NYSE American to the Company on November 18, 2020 indicating that, as a result of the Company's stockholders' equity of $4.7 million as of September 30, 2020, and reported losses for each of the last five fiscal years, the Company is not in compliance with the stockholders' equity standards for continued listing on the NYSE American. The notice had no immediate effect on the listing or trading of the Company's common stock.

NYSE American Regulations staff will review the Company periodically for compliance with the initiatives outlined in the plan. If the Company is not in compliance with the continued listing standards by May 18, 2022 or if the Company does not make progress consistent with the plan during the plan period, NYSE Regulation staff will initiate delisting proceedings as appropriate.

Item 8.01 Other Events.

On February 2, 2021, the Company issued a press release announcing the notice from the NYSE American. A copy of the press release is filed herewith as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

Exhibit Number   Description

99.1               Press release dated February 2, 2021 regarding NYSE American
                 notice.*

*Filed herewith.

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