Seanergy Maritime Regains Nasdaq Listing Compliance

Image Courtesy: Seanergy Maritime

Dry bulk owner and operator Seanergy Maritime has regained compliance with a Nasdaq Listing Rule concerning the minimum bid price of its common stock.

The company informed that the Nasdaq Stock Market confirmed matter, which is now considered closed.

Earlier this year, Seanergy Maritime received written notification from Nasdaq indicating that because the closing bid price of the company’s common stock for 30 consecutive business days, from April 5 to May 17, was below the minimum USD 1 per share bid price requirement for continued listing, the company was not in compliance with Nasdaq Listing Rule 5550(a)(2).

Seanergy Maritime currently owns a fleet of eleven dry bulk carriers, consisting of nine Capesizes and two Supramaxes, with a combined cargo-carrying capacity of around 1.68 million DWTand an average fleet age of about 8.4 years.

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