Nasdaq-listed Greek dry bulk shipowner Globus Maritime has received notification from Nasdaq that the market value of the company’s publicly held common stock for the last 30 consecutive business days was below the minimum requirement of $5m, and so no longer meeting Nasdaq Global Market requirements.
Nasdaq has given the company until April 19, 2016 to regain compliance with the requirement, otherwise the company’s securities will be delisted.
Globus Maritime shares will continue to trade on the Nasdaq Global Market while the company monitors its stock price and considers its options, including a potential transfer of its listing of securities to the Nasdaq Capital Market.
Globus Maritime currently operates a fleet of six bulk carriers.
