Castor Maritime moves for reverse stock split to keep Nasdaq listing

Cyprus-based bulker and boxship owner Castor Maritime has decided to carry out a one-for-ten reverse stock split on Nasdaq to meet the minimum bid price requirement set by the exchange. The Petros Panagiotidis-led company said its shares would begin trading on a split-adjusted basis on March 27, 2024, without any change to shareholders’s ownership percentage …

splash247