Castor maritime inc. receives 180-day extension from nasdaq to meet nasdaq minimum bid price rule; announces entry into binding commitment letter for financing of two dry bulk carriers

Limassol, cyprus, dec. 30, 2020 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor” or the “company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today the receipt of a notification letter from the nasdaq stock market ("nasdaq") granting the company an additional 180-day extension, or until june 28, 2021, to regain compliance with nasdaq's minimum bid price requirement (the “second compliance period”).
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