From GlobeNewswire: 2024-09-17 16:30:00

Crown LNG Holdings Limited received a notification from Nasdaq regarding the failure to meet the minimum bid price requirement of $1.00 per share. The Notification Letter has no immediate effect on the company’s stock listing. Crown has 180 days until March 3, 2025, to regain compliance with the Bid Price Rule. If compliance is not met, an additional 180-day period may be granted, requiring the company to meet all other listing standards. Crown may consider options like a reverse stock split to regain compliance but is not guaranteed success. The company provides LNG liquefaction and regasification terminal technologies for harsh weather locations.



Read more at GlobeNewswire: Crown LNG Announces Receipt of Nasdaq Notification