Rosehill Resources delisted after bankruptcy filing

The Nasdaq stock exchange has begun the process of delisting Houston-based Rosehill Resources Inc. (Nasdaq: ROSE) now that the company has filed for Chapter 11 bankruptcy protection.

The Nasdaq is set to suspend trade on Rosehill’s stock on Aug. 5, after which it will be fully delisted from the exchange, according to a July 28 filing with the U.S. Securities and Exchange Commission. The delisting comes as no surprise — the Nasdaq’s continued listing rules allow it to suspend bankrupt companies,…