The bulker and containership owner is no longer in compliance with listing requirements, the exchange told the Athens-based company.

Under Nasdaq rules, a company’s stock price cannot fall below $1 for 30 consecutive business days, and Euroseas has not been immune to slumping shares in the dry-bulk sector.

The company can avoid delisting if its share price remains above $1 for at least 10 straight days during the next six months.