C3is inc. announces receipt of nasdaq notice

Athens, greece, aug. 25, 2023 (globe newswire) -- c3is inc. (nasdaq: ciss) (the “company”) announced today that it has received written notification from the nasdaq stock market (“nasdaq”) dated august 24, 2023, indicating that because the closing bid price of the company's common stock for 30 consecutive business days, from july 13, 2023 through august 23, 2023, was below the minimum $1.00 per share bid price requirement for continued listing on the nasdaq capital market, the company is not in compliance with nasdaq listing rule 5550(a)(2). pursuant to nasdaq listing rule 5810(c)(3)(a), the applicable grace period to regain compliance is 180 days, or until february 20, 2024.
CISS Ratings Summary
CISS Quant Ranking