Navios Regains NYSE Compliance
Navios Maritime Holdings Inc. regains compliance with NYSE continued listing requirements
Dry bulk shipping and logistics firm Navios Maritime Holdings Inc. announced that, based upon a notice received on April 1, 2016 from the New York Stock Exchange, Inc. (NYSE), the company is once again in compliance with the NYSE’s continued listing requirement of a minimum average closing price of $1.00 per share over a consecutive 30 trading-day period.
At the close of trading on March 31, 2016, the average closing price of Navios’ common stock for the previous 30 trading-days was above $1.00 per share and its closing share price on March 31, 2016 exceeded $1.00. Accordingly, the company has resumed compliance with all NYSE continued listing requirements.