The Greek shipowner said it had received written notice from Nasdaq that the market value of its publicly held common stock had been below $5m over the last 30 days. Globus Maritime has a 180 day compliance period to correct the breach, in which time the market value of its publicly held common stock has exceed $5m for 10 consecutive days.
If the company is still not in compliance after 180 days it faces de-listing from Nasdaq.
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