Globus Maritime Limited Announces Receipt Of Nasdaq Notice Of Deficiency
Portfolio Pulse from Happy Mohamed
Globus Maritime Limited (GLBS) has received a notice of deficiency from Nasdaq due to its stock price being below $1.00 per share for 30 consecutive business days. The company has until January 8, 2024, to regain compliance, which it intends to do by monitoring its stock price and considering options such as a reverse stock split. The company's operations are not affected by this notice.
July 14, 2023 | 8:05 pm
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Globus Maritime's stock price has been below $1.00 for 30 consecutive business days, leading to a notice of deficiency from Nasdaq. The company has until January 8, 2024, to regain compliance.
The notice of deficiency from Nasdaq is a significant event for Globus Maritime. If the company fails to regain compliance by raising its stock price above $1.00 for at least ten consecutive business days during the grace period, it risks being delisted from the Nasdaq Capital Market. This could negatively impact the company's stock price in the short term.
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