Euroseas Warned for Stock Non-Compliance

Nasdaq Stock Market has given notice to owner and operator of drybulk and container carrier vessels Euroseas saying that the company is not in compliance with Nasdaq’s listing requirements.

Namely, the closing bid price of the company’s common stock over a period of 30 consecutive business days was less than USD 1.00 per share.

Pursuant to Nasdaq Listing Rule, Euroseas has six months following receipt of the notification to regain compliance with the minimum share price requirement.

In line with the notice, the company can cure this deficiency if the closing bid price of its common stock is USD 1.00 per share or higher for at least ten consecutive business days during the six months following the date of the notice.

Euroseas said it intends to cure the deficiency within the prescribed timeframe.

“During this time, the company’s common stock will continue to be listed and trade on the Nasdaq Global Select Market. The company’s business operations are not affected by the receipt of the notice,” the company added.

Euroseas  has a fleet of 15 vessels, including 4 Panamax drybulk carriers and 1 Handymax drybulk carrier, 3 Intermediate containership, 5 Handysize containerships, and 2 Feeder containerships.

Share this article

Follow World Maritime News

In Depth>


<< May 2019 >>
29 30 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 31 1 2

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >