Pyxis Tankers Inc. Regains Compliance with NASDAQ’s Minimum Closing Bid Price Rule
Pyxis Tankers Inc., an emerging growth pure play product tanker company, announced that it has regained compliance with the NASDAQ’s continued listing requirements regarding the minimum closing bid price.
On October 31, 2018, the Company received a written notification from NASDAQ stating that the closing bid price of the Company’s common shares has been $1.00 per share or higher for the last ten consecutive trading days, from October 15, 2018 to October 26, 2018. Accordingly, the Company is again in compliance with the exchange’s minimum closing bid price rule (NASDAQ Marketplace Rule 5550(a)(2)) and the matter is closed.