Intercont (Cayman) Limited received a notification letter from Nasdaq stating it is not in compliance with the minimum bid price requirement due to closing below $1.00 per share for 30 consecutive days. The company has 180 days to regain compliance by reaching a minimum bid price of $1.00 for 10 consecutive days. Failure to comply may result in a grace period extension. Intercont is a global shipping company focused on providing environmentally friendly transportation solutions. For more information, visit their website. Forward-looking statements in this press release caution investors to consider risks and uncertainties. Contact investor relations for more information.

Read more at GlobeNewswire: Intercont (Cayman) Limited Receives Nasdaq Notification