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May 15, 2014
06:05 EDTNEWLNewLead announces 1-for-50 reverse stock split
NewLead announced that a 1-for-50 reverse stock split of its common shares has been approved by the company's board and by written consent of a majority of NewLead's shareholders, in order for the company to maintain its compliance with the minimum bid price requirement of $1.00 per share for continued listing on the NASDAQ Global Select Market. The reverse split will be effective upon the commencement of trading today, on May 15. The reverse split will consolidate every fifty common shares into one common share, par value of $5.00 per share. As a result of the reverse stock split, the number of common shares outstanding will be reduced from 519.54M, to approximately 10.39M shares.
News For NEWL From The Last 14 Days
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June 23, 2015
09:21 EDTNEWLNewLead enters into time charter contract for Newlead Castellano vessel
NewLead Holdings announced that it has entered into a time charter contract for one of its Eco-type dry bulk Handysize vessels, the Newlead Castellano, for a minimum of three and a maximum of five months. The gross charter-out rate is $7,650 per day less a 6.25% commission paid to third parties. The vessel was delivered to the charterers at the beginning of June. NewLead has approximately 50.71% and 36.53% of its operating days covered for 2015 for its dry bulk and tanker vessels, respectively.

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