Castor maritime inc. receives 180-day extension from nasdaq to meet nasdaq's minimum bid price requirement

Limassol, cyprus, oct. 19, 2023 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor”, or the “company”), a diversified global shipping company, announces the receipt of a notification letter on october 18, 2023 from the nasdaq stock market (“nasdaq”) granting the company an additional 180-day extension to april 15, 2024 (the “second compliance period”) to regain compliance with nasdaq's $1.00 per share minimum bid price requirement (the “minimum bid price requirement”) for continued listing of the company's common shares on the nasdaq capital market. as previously reported on april 21, 2023, the company received written notification from nasdaq that it was no longer in compliance with the minimum bid price requirement.
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