Navios Maritime Containers L.P. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Navios Maritime Containers LP Common Units (NMCI)
Company Research
Source: GlobeNewswire
MONACO, April 24, 2020 (GLOBE NEWSWIRE) -- Navios Maritime Containers L.P. (the “Company”) (NASDAQ: NMCI), a growth vehicle dedicated to the container sector of the maritime industry, today announced that on April 22, 2020, the Company received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the minimum bid price continued listing requirements of the Nasdaq Listing Rules in that closing bid price of the Company’s common units for 30 consecutive business days had not maintained the minimum bid price of $1.00 per common unit, as required by Marketplace Rule 5450(a)(1) (the “Rule”). The notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Select Market. The Nasdaq letter states that the Company will be provided 180 calendar days to regain compliance with the
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