Top Ships Inc. Announces Compliance With NASDAQ Minimum Bid Price Requirement
August 25 2020 - 8:30AM
TOP Ships Inc. (Nasdaq:TOPS) (the “Company” or “TOPS”), announced
today that NASDAQ notified the Company that it has regained
compliance with the minimum bid price requirement for the Nasdaq
Capital Market, set forth in Nasdaq Listing Rule
5550(a)(2).
About TOP Ships Inc.TOPS is an international
owner and operator of modern, fuel efficient “ECO” tanker vessels
currently focusing on the transportation of crude oil and petroleum
products.Cautionary Note Regarding Forward-Looking
Statements
Matters discussed in this press release may constitute
“forward-looking statements” within the meaning of the U.S. federal
securities laws. The Private Securities Litigation Reform Act
of 1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective
information about their business. Forward-looking statements
include statements concerning plans, objectives, goals, strategies,
future events or performance, and underlying assumptions and other
statements, which are other than statements of historical
facts.
The Company desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words “believe,” “anticipate,”
“intends,” “estimate,” “forecast,” “project,” “plan,” “potential,”
“may,” “should,” “expect” “pending” and similar expressions
identify forward-looking statements. The forward-looking statements
in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including
without limitation, our management’s examination of historical
operating trends, data contained in our records and other data
available from third parties. Although we believe that these
assumptions were reasonable when made, because these assumptions
are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections.
Contacts: Alexandros TsirikosChief Financial
OfficerTOP Ships Inc.Tel: +30 210 812 8107Email:
atsirikos@topships.org
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