From GlobeNewswire:

Castor Maritime Inc. announces a 1-for-10 reverse stock split of its common shares, with shareholders approving the decision to meet the $1.00 per share bid price requirement for Nasdaq listing. The reverse stock split will reduce outstanding shares from 96.6 million to 9.66 million, effective March 27, 2024. The split ratio will combine every 10 shares into one, maintaining shareholders’ ownership percentage. Shareholders receiving fractional shares will be paid in cash in lieu of them. The aim is to maintain Nasdaq listing standards, with more details available in the Company’s filings with the Securities and Exchange Commission.



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