Bulk carrier warned of potential forced delisting

The US Nasdaq exchange authorities have notified Greek-based DryShips that the bulk carrier no longer meets the criteria required for trading the company's shares.

Greek-controlled DryShips is no longer in compliance with the required criteria for a listing on the Nasdaq stock exchange in New York and trading of the company's shares, which have now traded at less than USD 1 for a 30-day period. The US stock exchange authorities have notified the dry bulk carrier of this fact, and DryShips now has 180 days to correct these conditions.

DryShips informs in a statement that the carrier is now considering various opportunities, including a reverse stock split, in order to once again fulfill the requirements.

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