Seanergy Maritime Holdings Corp. announces compliance
with Nasdaq continued listing requirements


May 6, 2014 - Athens, Greece






Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that the Company has received a letter notifying the Company that it has regained compliance with the continued listing requirements of the Nasdaq Capital Market.

As previously announced, in a decision dated January 9, 2014, the Nasdaq Hearings Panel had granted the Company’s request for continued listing through April 28, 2014, subject to certain conditions, including that the Company regain compliance with the minimum shareholders’ equity requirement.

The letter announced today noted that the Nasdaq Hearings Panel is now closing this matter, as the Company has regained compliance with the minimum shareholders’ equity requirement and all other requirements for continued listing on the Nasdaq Capital Market.

Stamatis Tsantanis, the Company’s Chairman and Chief Executive Officer, stated:

“We are pleased to announce the successful resolution of this matter and the continued listing of the Company’s shares on the Nasdaq Capital Market. Following this positive development, we are now focused on implementing our business plan for the Company’s growth.”

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.

Currently, the Company does not own any operating vessels. Upon the completion of a previously-announced transaction expected to close prior to June 30, 2014, subject to certain closing conditions, the Company’s fleet will consist of 4 Capesize dry bulk carriers with a combined cargo-carrying capacity of approximately 682,723 dwt and an average fleet age of 7.5 years.

The Company's common stock trades on the NASDAQ Capital Market under the symbol “SHIP”.



Seanergy Maritime Corp. press release