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Dryships gets Nasdaq delisting notice over low share priceDryships gets Nasdaq delisting notice over low share price

Dryships has been warned of being de-listed from Nasdaq if its share price does not increase.

Marcus Hand, Editor

April 16, 2015

1 Min Read
Kalyakan - stock.adobe.com

Dryships said it had received notice from Nasdaq that its closing share price had been under the minimum $1.00 per share required for the previous consecutive 30 business days.

The company has a 180-day grace period in which to rectify the situation, which it says it intends to do.

“The company intends to monitor the closing bid price of its common stock between now and October 12, 2015 and is considering its options, including a reverse stock split, in order to regain compliance with the Nasdaq Global Select Market minimum bid price requirement,” Dryships said.

Dryships shares closed at $0.79 on Wednesday.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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