Castor Maritime (CTRM) has released an update.
Castor Maritime Inc., a global shipping company, has regained compliance with the Nasdaq’s minimum bid price requirement, ensuring the continued listing of its stock. The company, which has a diverse fleet of 14 vessels, including Kamsarmax and Panamax dry bulk vessels and containerships, had previously agreed to sell three of its ships. This move reflects Castor’s strategic efforts to maintain its financial stability and investor confidence in a dynamic market.
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