George Economou’s DryShips has been given 180 days to regain compliance with Nasdaq rules after seeing its stock drop below $1.00 during the past 30 days.
The Times Square bourse sent a written notification to DryShips, granting the company a grace period until 12 October 2015 to get its share price up.
DryShips told investors it intends to “cure the deficiency within the prescribed grace period”.
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