Series G and Series H American Depositary Shares of Navios Maritime Holdings Inc. Delisted from New York Stock Exchange
February 08 2024 - 4:20PM
Navios Maritime Holdings Inc. (the “Company”) announced today that
the Company’s (i) American Depositary Shares each representing
1/100th of a share of the Company’s 8.75% Series G Cumulative
Redeemable Perpetual Preferred Stock, $0.0001 par value per share
(the “Series G ADSs”) and (ii) American Depositary Shares each
representing 1/100th of a share of the Company’s 8.625% Series H
Cumulative Redeemable Perpetual Preferred Stock, $0.0001 par value
per share (the “Series H ADSs” and, together with the Series G
ADSs, the “ADSs”) and the preferred stock underlying the ADSs have
been delisted from the New York Stock Exchange (the “NYSE”).
The Company has also filed a Form 15 with the Securities and
Exchange Commission (the “SEC”) to suspend its reporting
obligations under the Securities Exchange Act of 1934. As a result,
the Company’s obligation to file periodic reports with the SEC,
including its annual report on Form 20-F, is immediately
suspended. Once the Form 15 is effective, which is
expected to occur within 90 days of today’s filing, the Company’s
obligations to file all other reports with the SEC will also be
suspended.
The Company intends to make publicly available the financial
information about the Company necessary in order to allow the ADSs
to be quoted on an over-the-counter (“OTC”) market. However, no
assurance can be provided that any broker-dealer will make a market
in the ADSs, which is a requirement for OTC quotation, or that
trading of the ADSs will continue on an OTC market or
elsewhere.
Forward-Looking Statements
This communication contains forward-looking statements relating
to the Company’s delisting of its ADSs and deregistration under the
Securities Exchange Act of 1934. Statements in this communication
that are not statements of historical fact are considered
forward-looking statements, which are usually identified by the use
of words such as “anticipates,” “believes,” “continues,” “could,”
“estimates,” “expects,” “intends,” “may,” “plans,” “potential,”
“predicts,” “projects,” “seeks,” “should,” “will,” and variations
of such words or similar expressions. These forward-looking
statements are neither forecasts, promises nor guarantees, and are
based on the current beliefs of management of the Company as well
as assumptions made by and information currently available to the
Company. Such statements reflect the current views of the Company
with respect to future events and are subject to known and unknown
risks The Company cautions you not to place undue reliance on any
forward-looking statements, which speak only as of the date hereof.
The Company does not undertake any duty to update any
forward-looking statement or other information in this
communication, except to the extent required by law.
About Navios Maritime Holdings Inc.
Navios Maritime Holdings Inc. owns (i) a controlling equity
stake in Navios South American Logistics Inc., one of the largest
infrastructure and logistics companies in the Hidrovia region of
South America and (ii) an interest in Navios Maritime Partners L.P.
(NYSE:NMM), an international shipping company, listed on the New
York Stock Exchange, that owns and operates dry cargo and tanker
vessels. For more information, please visit our website:
www.navios.com.
Contact
Navios Maritime Holdings Inc.+ 1-345-232-3067+
1-212-906-8643investors@navios.com
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