Globus Maritime is back in compliance with the Nasdaq exchange's $1 share-price minimum, but only after a one-for-100 reverse stock split.
The Athanasios Feidakis-led bulker owner of a panamax, a kamsarmax and four supramaxes made the move official on 20 October, causing its share value to jump to $17.30 from $0.13 the previous day.
"We will examine our options if and when we ever fall out of compliance, " Feidakis told TradeWinds on Thursday.
