Several dry bulk carriers listed on Nasdaq in New York are approaching the edge that will trigger a warning from the US Securities and Exchange Commission (SEC) if their share value drops to less than one USD, which could, in the worst case scenario, lead to a delisting for the carriers.
Greek-controlled Euroseas became the first carrier on the US stock exchange to receive a warning about the company's weak share price at the beginning of 2015, as the carrier's share has hovered below one USD for 30 consecutive trading days.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app