Navios Maritime Partners receives continued listing standards notice from NYSE
Navios Maritime Partners L.P. announced that on March 14, 2019, 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 unit. The NYSE's notification has no impact on the company's business operations. The company responded to the NYSE confirming 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.