ATHENS, Greece, Aug. 27, 2012 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS), an international ship-owning company, announced today that it has received written notification from the Nasdaq Stock Market ("Nasdaq"), dated August 21, 2012, indicating that because the market value of the Company's publicly held shares for the previous 30 consecutive business days was below the minimum $5,000,000 requirement for continued listing on the Nasdaq Global Select Market, the Company is not in compliance with Nasdaq Listing Rule 5450(b)(1)(C). The applicable grace period to regain compliance is 180 days.
TOP Ships Inc. Announces Receipt Of Nasdaq Notice
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