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The Company intends to timely request a hearing before a Nasdaq Hearings Panel (the “Panel”) to appeal the delisting determination. Such request will stay the suspension of trading and delisting of the Company's common shares from the Nasdaq Capital Market pending the Panel's decision after a hearing. Under Nasdaq's Listing Rules, the Panel may, in its discretion, grant an exception to the continued listing standards for a maximum of 180 calendar days from the date of the delisting determination. However, there can be no assurances that the Panel will grant such exception. The Company intends to present to the Panel the status of its previously announced financial restructuring plan and its plan to establish compliance with the minimum $2.5 million stockholders’ equity requirement. Stamatis Tsantanis, the Company's Chairman and Chief Executive Officer, stated: “Seanergy expected this determination letter and looks forward to the hearing with the independent Panel to discuss its plan to regain compliance. In addition, the Company continues to implement its ongoing restructuring plan, which aims to establish a viable financial structure and ensure its ability to participate in new investment opportunities." About Seanergy Maritime Holdings Corp. Seanergy Maritime Holdings Corp. is a Marshall Islands corporation with its executive offices in Athens, Greece. The Company is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers. As of today, the Company’s fleet consists of four dry bulk carriers (two Panamax and two Supramax vessels) with a total carrying capacity of approximately 255,109 dwt and an average fleet age of 12.4 years. The Company's common stock trades on the Nasdaq Capital Market under the symbol “SHIP.” Seanergy Maritime Corp. press release |
Seanergy Maritime Holdings Corp. Receives