Ferroglobe regains compliance with Nasdaq minimum offer price


LONDON, December 11, 2020 (GLOBE NEWSWIRE) – Ferroglobe PLC (Nasdaq: GSM) (“Ferroglobe” or the “Company”), one of the world’s leading producers of silicon metal, special silicon-based alloys and manganese, announced that it has received a notification letter from the Nasdaq Stock Exchange LLC (“Nasdaq”) Listing Qualifications Department, advising the Company that it has restored compliance with the purchase price requirement. minimum of Nasdaq Listing Rule 5550 (a) (2) (the “Minimum Bid Requirement”).

This notification confirms that Ferroglobe has remedied its previous deficiency relating to the minimum bid requirement and that no further action is required from the Company to maintain its listing on the Nasdaq Capital Market.

About Ferroglobe

Ferroglobe is a leading global supplier of silicon metal, specialty silicon manganese alloys and ferroalloys, serving customers around the world in dynamic and fast growing end markets, such as solar power, automotive, consumer products, construction and energy. For more information, visit http://investor.ferroglobe.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of US securities laws. Forward-looking statements are not historical facts but are based on certain assumptions made by management and describe Ferroglobe’s future plans, strategies and expectations. Forward-looking statements often use forward-looking terminology, including words such as “anticipate”, “believe”, “might”, “estimate”, “expect”, “anticipate”, “guide”, “have the expectation”. intention “,” likely “,” may “,” plan “,” potential “,” foresee “,” seek “,” “and words with similar meaning or the negative of it.

The forward-looking statements contained in this press release are based on information currently available to Ferroglobe and on assumptions that management considers reasonable but which are inherently uncertain. Consequently, Ferroglobe’s actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements, which are not guarantees of future performance and involve known and unknown risks, uncertainties and others. factors which are, in some cases, beyond the control of Ferroglobe.

All information contained in this press release is as of the date of its publication. Ferroglobe does not undertake to publicly update any forward-looking statements contained in this document to reflect new information, events or circumstances occurring after the date of this press release. You should not place undue reliance on forward-looking statements, which are made only as of the date of this press release.

INVESTOR CONTACT:

Gaurav Mehta Executive Vice President – Investor Relations
[email protected]

CONTACT WITH THE MEDIA:

Cristina Feliu Roig
Executive Director – Communications and Public Affairs
[email protected]


Source link

Previous DoE updates circular of tender process
Next Neovasc receives notification from Nasdaq regarding insufficient minimum bid price

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *