Castor Maritime has regained compliance with Nasdaq listing requirements.
The Cypriot owner of bulkers and boxships said it had received written confirmation of its continued listing on the US exchange.
The Petros Panagiotidis-controlled company had to boost its share price back above the minimum $1 level.
It carried out a reverse stock split at the end of March, converting every 10 shares into one.
The stock was $0.40 when it announced the measure.
The price was $3.54, down 4.6%, by close of play on Monday.
Castor, which owns 14 vessels, was put on notice by the Nasdaq in April 2023 that the price had fallen below $1 for 30 straight days.
It was given six months to put this right, which was extended by another six months in October.
In September, shareholders approved a stock split at a ratio somewhere between one-for-two and one-for-100.
The share has fallen nearly 28% so far this year. The price was as high as $25 in 2019.
The market cap is about $34m.
Ratios differ
Last week, Greek shipowner Harry Vafias’ tanker and bulker company C3is went for a huge reverse stock split to maintain its listing on the Nasdaq.
A 99% reduction of its share count took place on Thursday, turning every 100 shares into one.
C3is closed down nearly 23% at $1.44 on Monday.
Greece’s Top Ships went for a one-for-12 ratio last year.
The Pistiolis family-controlled tanker owner is now moving its listing from the Nasdaq to the New York Stock Exchange’s American board.
