Top Ships has regained Nasdaq Stock Market compliance after carrying out a 1-for-10 reverse stock split.

The Marousi-based tanker owner announced its shares have surpassed Nasdaq's minimum bid price requirement of $1 as a result of the 26 March move.

The shares, which have been reduced in number to 17 million from 170 million, were trading at $0.23 a few days before the split.