They may be granted an additional 180 day extension prior to the 20th
C3is Inc. Announces Receipt of Nasdaq Notice
Source: GlobeNewswire Inc.?
C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated August 24, 2023, indicating that because the closing bid price of the Company’s common stock for 30 consecutive business days, from July 13, 2023 through August 23, 2023, was below the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the applicable grace period to regain compliance is 180 days, or until February 20, 2024.
The Company intends to monitor the closing bid price of its common stock during this grace period and will consider its options in order to regain compliance with The Nasdaq Capital Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. In the event the Company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period.
Recent CISS News
- C3is Inc. reports Revenue of $12.8 million, Net Income of $3.8 million, and financial and operating results for the quarter ended March 31, 2024 • GlobeNewswire Inc. • 05/28/2024 01:20:00 PM
- C3is Inc. announces the date for the release of the first quarter 2024 financial and operating results • GlobeNewswire Inc. • 05/23/2024 12:00:00 PM
- C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company • GlobeNewswire Inc. • 04/12/2024 08:10:00 PM
- C3IS Inc. Announces Reverse Stock Split • GlobeNewswire Inc. • 04/10/2024 12:50:00 PM
- C3is Inc. reports Revenue of $13.8 million, Net Income of $5.6 million and $0.25 earnings per diluted share for the fourth quarter of 2023, and financial and operating results for the quarter and twelve months ended December 31, 2023 • GlobeNewswire Inc. • 03/26/2024 01:21:00 PM
- C3is Inc. announces the date for the release of the fourth quarter and twelve months 2023 financial and operating results • GlobeNewswire Inc. • 03/21/2024 01:18:00 PM
- C3is Inc. Announces Closing of $6.0 Million Underwritten Public Offering • GlobeNewswire Inc. • 03/19/2024 04:44:09 PM
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- C3is Inc. Announces Pricing of $6.0 Million Underwritten Public Offering • GlobeNewswire Inc. • 03/15/2024 12:22:48 PM
- C3is Inc. Granted 180-Day Extension by Nasdaq to Regain Compliance With Minimum Bid Price Rule • GlobeNewswire Inc. • 02/22/2024 12:00:00 PM
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