Danaos Corporation (the "Company" or "Danaos") (NYSE: DAC) today announced that the New York Stock Exchange (NYSE) has notified the Company that it is has regained full compliance with NYSE minimum average share price listing requirements.
Danaos received written notification from the NYSE, dated June 1, 2019, that it has regained compliance after the Company's average stock price for the 30-trading days ended May 31, 2019 was above the NYSE's minimum requirement of $1.00. The Company, which has continued to trade on the NYSE, is now in compliance with all NYSE listing requirements.
About Danaos Corporation
Danaos Corporation's fleet of 59 containerships aggregating 352,600 TEUs, including four vessels owned by Gemini Shipholdings Corporation, a joint venture, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity.