Navios Acquisition receives continue listing standards notice from NYSE
Navios Acquisition announced that on February 13, 2018, the company was notified by the New York Stock Exchange, Inc. that it is no longer in compliance with the NYSE's continued listing standards because the average closing price of the company's common stock over a consecutive 30 trading-day period was less than $1.00 per share. The NYSE's notification has no impact on the company's business operations. The company will respond to the NYSE to confirm its intent to cure this deficiency within the prescribed timeframe set out in the NYSE's Listed Company Manual. During this time, the company's common stock will continue to be listed and trade on the NYSE. The NYSE's notification does not affect the company's Securities and Exchange Commission reporting requirements.