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Stock Market & Financial Investment News

News Breaks
May 19, 2014
16:08 EDTPRGNParagon Shipping announces $10M share buyback program
Paragon Shipping said its board on May 12 authorized a share buyback program of up to $10M for a period of twelve months.
News For PRGN From The Last 14 Days
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May 19, 2015
16:04 EDTPRGNParagon Shipping receives notice of non-compliance from NASDAQ
Paragon Shipping announced that it has received written notification from The Nasdaq Stock Market dated May 14, indicating that because the closing bid price of the company's common stock for the last 30 consecutive business days was below $1.00 per share, the company no longer meets the minimum bid price requirement for the Nasdaq Global Market, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until November 10. The company intends to monitor the closing bid price of its common stock between now and November 10 and is considering its options in order to regain compliance with the Nasdaq Global Market minimum bid price requirement. The company can cure this deficiency if the closing bid price of its common stock is $1.00 per share or higher for at least ten consecutive business days during the grace period. In the event the Company does not regain compliance within the 180-day grace period and it meets all other listing standards and requirements, the Company may be eligible for an additional 180-day grace period if it transfers to the Nasdaq Capital Market.

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