Diana Containerships Warned by Nasdaq

Greece-based containership owner Diana Containerships has received a letter from Nasdaq indicating that the company is no longer in compliance with the continued listing requirement under Nasdaq Listing Rule 5450(b)(1)(C).

This is because the market value of publicly held shares (MVPHS) was below USD 5.000,000 for 30 consecutive business days.

Diana Containerships now has 180 days to regain compliance, with the applicable grace period until January 29, 2018.

The company can cure this deficiency if its MVPHS closes at USD 5.000,000 or more for at least ten consecutive business days during the grace period.

“The company intends to monitor its MVPHS during the prescribed grace period and is considering all options that will allow its common shares to remain listed on Nasdaq,” Diana Containerships said in a statement.

During this time, Diana Containerships’ common shares will continue to be listed and trade on The Nasdaq Global Select Market.

The company added that its business operations are not affected by the receipt of the notification.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
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 >