SONY DSC
NASSAU, Bahamas, Feb. 22, 2016 — Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR) (“Ultrapetrol” or the “Company”) announced today that its application to be listed on the NASDAQ Capital Market has been approved by NASDAQ. Effective February 23, 2016, the Company’s stock will be listed on the NASDAQ Capital Market, rather than on NASDAQ’s Global Select Market. The move to the NASDAQ Capital Market will not affect the listing or trading of the Company’s common stock.
By transferring to the NASDAQ Capital Market, the Company will regain compliance with the continued listing standard for the minimum required market value of its publicly held shares. Also in connection with the Company’s move to the NASDAQ Capital Market, NASDAQ has extended the period during which the Company must come into compliance with the minimum bid price per share requirement through August 22, 2016. If at any time during that period, the closing bid price of the Company’s common stock is at least $1.00 per share for a minimum of ten consecutive business days, compliance will be regained and the matter will be closed.
Ultrapetrol intends to regain compliance with this continued listing standard by bringing the share price back to at least $1.00 within the prescribed timeframe and will consider a range of available options to ensure full compliance with the continued listing standards of the NASDAQ Capital Market.
![Like us:MIAMI, Nov. 8, 2017 /PRNewswire/ — Carnival Cruise Line, a unit of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) and the world’s most popular cruise line, today announced it has signed an agreement with Shell NA LNG, LLC (Shell) to be its supplier of […]](http://www.themaritimeobserver.com/wp-content/uploads/2017/11/AIDAprima-36x36.jpg "Carnival Cruise Line Signs Agreement With Shell To Fuel North America’s First LNG-Powered Cruise Ships"){kind=small}
![Like us:LONDON, Nov. 8, 2017 Highlights Navigator Holdings Ltd. (NYSE: NVGS) (the “Company”) reported operating revenue of $70.2 million for the three months ended September 30, 2017. EBITDA(1) was $27.1 million for the three months ended September 30, 2017. Earnings were a net loss […]](http://www.themaritimeobserver.com/wp-content/uploads/2017/11/libra-36x36.jpg "Navigator Holdings Ltd. Preliminary Third Quarter 2017 Results"){kind=small}
![Like us:Valencia, September the 27th 2017. – Mar Chao López will be the new commercial and business development director of the Port Authority of Valencia (PAV). This designation has taken place after an open selection process in which more than […]](http://www.themaritimeobserver.com/wp-content/uploads/2017/10/Mar_Chao_Lopez-1-36x36.jpg "Mar Chao López, new commercial director of Valenciaport"){kind=small}
![Like us:“I announce that we have made the decision to exercise the right of pre-emption on STX,” said French Economy Minister Bruno Le Maire speaking of the Stx-Fincantieri case at a press conference in Paris currently under way. Our goal […]](http://www.themaritimeobserver.com/wp-content/uploads/2017/07/STX-France-36x36.jpg "France will not respect the agreements with Fincantieri on STX"){kind=small}
![Like us:Valencia, July 21st 2017. – The Port Authority of Valencia continues to work for the adaptation of its three container terminals to the last-generation vessels with capacity for up to 20,000 TEUs. The works, which are expected to be […]](http://www.themaritimeobserver.com/wp-content/uploads/2017/07/valencia-port-terminal-36x36.jpg "Valenciaport prepares to work with 400 meter vessels in its three container terminals"){kind=small}
