Shipping companies are looking at ways to keep their equity afloat at a time when share prices are languishing.
Star Bulk Carriers is the latest bulker operator to be put on notice by the Nasdaq exchange that it risks a delisting due to its shares trading below $1 for 30 consecutive days. Aware of the potential for the delisting, its board approved a measure to effect a reverse stock split, at a ratio between one-for-three and one-for-10.
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