TOP Ships Announces Compliance With NASDAQ Minimum Bid Price Requirement

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TOP Ships, an international ship-owning company, announced that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).

The Company also announced that shareholders who held fractional shares as a result of the reverse stock split effectuated on March 26, 2018, received a cash payment in lieu of the fractional shares to which the shareholder would otherwise be entitled multiplied by the opening price of the Company’s common shares on the Nasdaq Capital Market on the Effective Date.

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