Based in Singapore, Uni-Fuels Holdings Limited specializes in the marketing, distribution, and intermediation of marine fuel products. The company supplies very low sulfur fuel oil, high sulfur fuel oil, and marine gas oils to a broad spectrum of shipping entities. Its diverse client base includes operators of bulk carriers, tanker vessels, offshore support vessels, container ships, general cargo vessels, tugs and barges, car carriers, cruise liners, yachts, and dredging vessels. Established in 2021 with its main office in Singapore, Uni-Fuels Holdings Limited operates as a subsidiary of Garden City Private Capital Limited.
Uni-Fuels Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency
Uni-Fuels received a notification from Nasdaq stating it is not in compliance with the minimum $1.00 bid price requirement after trading below that level for 30 consecutive business days.
The company has a 180-calendar day compliance period, expiring January 25, 2027, to regain compliance by maintaining a bid price of at least $1.00 for 10 consecutive business days.
Management is evaluating options to cure the deficiency, including a potential reverse stock split, but warned there is no assurance it will regain compliance or avoid delisting.