Heidmar Maritime Holdings Corp. (NASDAQ: HMR) received a notice from Nasdaq on April 22 stating the company's stock failed to meet the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Capital Market.

The Athens-based maritime services company's closing bid price remained below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The company has 180 days, until October 19, 2026, to regain compliance with the exchange's requirements.

To cure the deficiency, Heidmar's stock must close at $1.00 per share or higher for at least ten consecutive business days during the grace period. The company stated it intends to monitor its stock price and consider options to regain compliance.

Heidmar's common stock will continue trading on the Nasdaq Capital Market during the grace period. The company noted its business operations remain unaffected by the notification.

The company operates as a commercial and pool management business serving the crude and product tanker market. Heidmar maintains offices in Athens, London, Singapore, Chennai, Hong Kong and Dubai, providing maritime services in the crude oil, refined petroleum products and dry bulk shipping sectors.