Globus Maritime may carry out a third reverse stock split since its founding in 2006.
The Athanasios Fedaikis-led company approved adding the option of a shoreup of up to 1-to-10 to the articles of incorporation during its annual shareholder meeting.
The bulker owner's shares, which trade on Nasdaq Capital Market, have fallen 8% to $0.34 since the opening bell. The company's market capitalisation stands at $10.9m.
