TOP Ships Inc. announces extension of Nasdaq minimum bid price compliance period
Apr 24, 2020TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated April 17, 2020, granting an extension to the grace period for regaining compliance with the minimum $1.00 per share bid price requirement from June 23, 2020 to September 7, 2020. The above extension was granted as part of Nasdaq’s determination to toll the compliance periods for all public companies, not meeting the continued listing requirements, such as the bid price requirement, due to the extraordinary market conditions and unprecedented turmoil in U.S. financial markets.
The Company intends to monitor the closing bid price of its common stock between now and September 7, 2020 and is considering its options, in order to regain compliance with the Nasdaq bid price requirement. This deficiency can be cured, if the closing bid price of its common stock is $1.00 per share or higher for a minimum of ten consecutive business days during the grace period.
Similar Stories
World Shipping Council: Shipping carriers move to prevent deadly charcoal fires
The shipping industry is taking proactive steps to implement improved safety measures for transporting charcoal, ahead of mandatory IMO regulations in 2026.
View Article
MSC Announcement: GRI - General Rate Increase Feb 2025
View Article
Drewry’s World Container Index - 16 Jan
View ArticleMSC GRI - update scope: Import ISC/ME - Indian Subcontinent/Middle East to USA
Mediterranean Shipping Company has filed and will implement the following GRI - General Rate Increase effective February 15th, 2025, as below.
View ArticleBiofuel can deliver significant GHG emissions reductions but future uptake could be hampered by supply, says DNV
According to DNV’s latest white paper “Biofuels in Shipping”, key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations,…
View ArticleNor-Shipping adds finance, LNG and seabed minerals to “agenda setting” conference program for 2025
Nor-Shipping is enhancing its conference program for 2025 with a bold line-up of new events targeting evolving ocean business opportunities.
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
