Ferroglobe regains compliance with Nasdaq minimum bid price requirement and maintains listing
December 11 2020 - 8:00AM
Ferroglobe PLC (Nasdaq: GSM) (“Ferroglobe” or the “Company”), a
leading producer globally of silicon metal, silicon-based and
manganese-based specialty alloys, announced that it has received a
notification letter from the Listing Qualifications Department of
the Nasdaq Stock Exchange LLC (“Nasdaq”), notifying the Company
that it has regained compliance with the minimum bid price
requirement of Nasdaq listing rule 5550(a)(2) (the “Minimum Bid
Requirement”).
This notification confirms that Ferroglobe has
remedied its prior deficiency relating to the Minimum Bid
Requirement and that no further action is required by the Company
to maintain its listing on the Nasdaq Capital Market.
About Ferroglobe
Ferroglobe is one of the world’s leading
suppliers of silicon metal, silicon-based and manganese-based
specialty alloys and ferroalloys, serving a customer base across
the globe in dynamic and fast-growing end markets, such as solar,
automotive, consumer products, construction and energy. For more
information, visit http://investor.ferroglobe.com.
Forward-Looking Statements
This release contains “forward-looking
statements” within the meaning of U.S. securities laws.
Forward-looking statements are not historical facts but are based
on certain assumptions of management and describe Ferroglobe’s
future plans, strategies and expectations. Forward-looking
statements often use forward-looking terminology, including words
such as “anticipate”, “believe”, “could”, “estimate”, “expect”,
“forecast”, “guidance”, “intends”, “likely”, “may”, “plan”,
“potential”, “predicts”, “seek”, “will” and words of similar
meaning or the negative thereof.
Forward-looking statements contained in this
press release are based on information currently available to
Ferroglobe and assumptions that management believe to be reasonable
but are inherently uncertain. As a result, Ferroglobe’s actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements,
which are not guarantees of future performance and involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond Ferroglobe’s control.
All information in this press release is as of
the date of its release. Ferroglobe does not undertake any
obligation to update publicly any of the forward-looking statements
contained herein to reflect new information, events or
circumstances arising after the date of this press release. You
should not place undue reliance on any forward-looking statements,
which are made only as of the date of this press release.
INVESTOR CONTACT:
Gaurav Mehta Executive Vice President - Investor
Relationsinvestor.relations@ferroglobe.com
MEDIA CONTACT:
Cristina Feliu RoigExecutive Director – Communications &
Public Affairscorporate.comms@ferroglobe.com
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