Navios Holdings Regains NYSE Continued Listing Compliance

Image Courtesy: Navios Maritime Acquisition

Angeliki Frangou-led dry bulk shipping company Navios Maritime Holdings is once again in compliance with the New York Stock Exchange’s (NYSE) continued listing requirement of a minimum average closing price of USD 1 per share, according to a notice the company received on September 1.

At the close of trading on August 31, the average closing price of the company’s common stock for the previous 30 trading-days was above USD 1 per share and its closing share price on August 31, 2016 was USD 1.

On June 7, the shipping firm received a notice from the NYSE that it was no longer in compliance with its continued listing standards as it did not meet NYSE’s standards.

Namely, Navios Holding’s average closing price for its common stock over a consecutive 30 trading-day period was less than USD 1 per share.

Navios earlier said that the NYSE’s notification would have no impact on the company’s business operations, nor its Securities and Exchange Commission reporting requirements.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >