Aries Regains NASDAQ Compliance

Tuesday, October 27, 2009

Aries Maritime Transport Limited (NASDAQ:RAMS) announced that it received notification from the NASDAQ Listing Qualifications department that it has regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in Listing Rule 5450(a)(1), as its common stock has achieved a closing bid-price of $1.00 or more for 10 consecutive business days, and that this matter is now closed.

On September 16, 2009, NASDAQ notified the company that its common stock had fallen out of compliance with one of its standards for continued listing on the NASDAQ Global Market because the common stock failed to achieve at least a $1.00 closing bid price for 30 consecutive business days. The Company had been granted a grace period of 180 calendar days in which to regain compliance.

(www.ariesmaritime.com)
 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

DP World Sings Melbourne Port Lease Deal

DP World and the Port of Melbourne Corporation have reached an agreement on a new 50-year lease, ending months of negotiation over rental increases at Australia’s biggest port.

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

Harper Government Invests in Naufrage Harbor

The Honorable Gail Shea, Minister of Fisheries and Oceans, announced today an investment to improve safety and working conditions for fishermen at Naufrage Harbor, Prince Edward Island.

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0891 sec (11 req/sec)