$TOPS TOP Ships Inc. Announces Compliance With NAS
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Posted On: 04/11/2018 7:28:38 AM
$TOPS TOP Ships Inc. Announces Compliance With NASDAQ Minimum Bid Price Requirement
ATHENS, Greece, April 11, 2018 (GLOBE NEWSWIRE) -- TOP Ships Inc. (TOPS), an international ship-owning company (the “Company”), announced today that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).
The Company also announced that shareholders who held fractional shares as a result of the reverse stock split effectuated on March 26, 2018 (the “Effective Date”), received a cash payment in lieu of the fractional shares to which the shareholder would otherwise be entitled multiplied by the opening price of the Company’s common shares on the Nasdaq Capital Market on the Effective Date.
About TOP Ships Inc.
TOP Ships Inc. is an international ship-owning company. For more information about TOP Ships Inc., visit its website: www.topships.org.
ATHENS, Greece, April 11, 2018 (GLOBE NEWSWIRE) -- TOP Ships Inc. (TOPS), an international ship-owning company (the “Company”), announced today that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).
The Company also announced that shareholders who held fractional shares as a result of the reverse stock split effectuated on March 26, 2018 (the “Effective Date”), received a cash payment in lieu of the fractional shares to which the shareholder would otherwise be entitled multiplied by the opening price of the Company’s common shares on the Nasdaq Capital Market on the Effective Date.
About TOP Ships Inc.
TOP Ships Inc. is an international ship-owning company. For more information about TOP Ships Inc., visit its website: www.topships.org.
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