Castor maritime inc. announces receipt of nasdaq notice

Limassol, cyprus, april 21, 2023 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor”, or the “company”), a diversified global shipping company, announces that it has received written notification from the nasdaq stock market (“nasdaq”) dated april 20, 2023, indicating that because the closing bid price of the company's common stock for 30 consecutive business days, from march 8, 2023 to april 19, 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).
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