Star Bulk Carriers said it has regained compliance with Nasdaq’s minimum price rules, allowing the dry bulk owner to continue a public listing.
Star Bulk said the Nasdaq sent it a letter saying the company has met the rule for a minimum bid price on its shares being above $1. Star Bulk closed Thursday at $3.21 per share.
The Athens-based company hit the mark through a one-for-five reverse split of its common shares as of 20 June.