The New York Stock Exchange (NYSE) has informed Navios Maritime Holdings that its share price is out of compliance with listing standards.
But the Angeliki Frangou-led company said it intends to resolve the deficiency before the deadline elapses on its grace period.
The exchange notified the company, a bulker owner that is also the parent of three separately-listed spinoffs, that its stock price was below $1 for more than 30 trading days.
Navios
