Navios Maritime Holdings Inc. Receives Continued Listing Standards Notice From NYSE
May 18 2018 - 4:05PM
Navios Maritime Holdings Inc. (“Navios Holdings” or the
“Company”) (NYSE:NM) announced today that on April 18, 2018,
the Company was notified by the New York Stock Exchange, Inc.
(“NYSE”) that it was no longer in compliance with the NYSE’s
continued listing standards because the average closing price of
the Company's common stock over a consecutive 30 trading-day period
was less than $1.00 per share. The NYSE’s notification has no
impact on the Company’s business operations.
The Company has confirmed to the NYSE its
intent to cure this deficiency within the prescribed timeframe set
out in the NYSE’s Listed Company Manual. During this time, the
Company's common stock will continue to be listed and trade on the
NYSE. The NYSE’s notification does not affect the Company’s
Securities and Exchange Commission reporting requirements.
About Navios Maritime Holdings
Inc.
Navios Maritime Holdings Inc. (NYSE:NM) is
a global, vertically integrated seaborne shipping and logistics
company focused on the transport and transshipment of drybulk
commodities including iron ore, coal and grain. For more
information about Navios Holdings please visit our website:
www.navios.com.
Forward-Looking Statements
This press release contains forward-looking
statements (as defined in Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended) concerning future events and expectations
including with respect to the Company’s ability to regain
compliance with the NYSE’s continued listing standards. Although
Navios Holdings believes that the expectations reflected in such
forward-looking statements are reasonable at the time made, no
assurance can be given that such expectations will prove to have
been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates which are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of Navios Holdings. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Navios Holdings expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in Navios Holdings' expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
Contact: Navios Maritime
Holdings Inc. +1.212.906.8643 investors@navios.com
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