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Stock impact report

Globus Maritime Limited Announces Receipt of Nasdaq Notice of Deficiency

Globus Maritime Limited (GLBS) 
US:NASDAQ Investor Relations: globusmaritime.gr/stock_information.html
Company Research Source: GlobeNewswire
GLYFADA, Greece, March 06, 2020 (GLOBE NEWSWIRE) -- Globus Maritime Limited (the “Company" or ”Globus”) (NASDAQ: GLBS), a dry bulk shipping company, announced today it has received written notification from the Nasdaq Stock Market (“Nasdaq”) dated  March 2, 2020, indicating that because the closing bid price of the Company’s common stock  for the last 30 consecutive business days was below $1.00 per share, the Company no longer meets the minimum bid price continued listing requirement for the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until August 31, 2020. The Company intends to monitor the closing bid price of its common stock between now and August 31, 2020 and is considering its options, including a potential reverse stock split, in order to regain compliance with the Nasdaq Capital Market minimum bid price requirement. The Company can cure this deficie Show less Read more
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