LIMASSOL,
The Company can cure this deficiency if the closing bid price of its common shares is
During the Second Compliance Period, the Company's common stock will continue to be listed and trade on the Nasdaq Capital Market. If the Company does not regain compliance within the Second Compliance Period, the Company’s common stock will be subject to delisting by Nasdaq. The Company's business operations are not affected by the receipt of the notification.
About
Castor owns a fleet of 20 vessels, with an aggregate capacity of 1.6 million dwt, currently consisting of one Capesize vessel, six Kamsarmax vessels, which include the M/V Magic Argo which the Company agreed to sell on
Cautionary Statement Regarding Forward-Looking Statements
This press release may contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give the Company’s current expectations and projections about future events, including business strategy, goals, and future financial condition and performance, and so actual results to differ materially from what is expressed or implied by the statements. These statements sometimes use words such as “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending”, “indicates” and other words of similar meaning (or the negative thereof) and include all matters that are not historical or current facts.
Forward-looking statements are subject to risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and/or are beyond our control or precise estimate. Such risks, uncertainties and other factors include, but are not limited to, factors and uncertainties regarding the Company’s ability to timely regain compliance with the Minimum Bid Price Requirement and Nasdaq’s continued listing requirements, the effect of a potential de-listing of the Company’s common shares and those factors discussed under “Risk Factors” in our Annual Report for the year ended
CONTACT DETAILS
For further information please contact:
Email: ir@castormaritime.com
Media Contact:
Capital Link
Email: castormaritime@capitallink.com
Source:
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