Workflow
Crown LNG Holdings Limited(CGBS)
icon
Search documents
Crown LNG Holdings Limited Discloses Receipt of NASDAQ Notice
Globenewswireยท 2025-05-22 20:30
Group 1 - The company, Crown LNG Holdings Limited, received a letter from NASDAQ indicating non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Annual Report on Form 20-F for the period ended December 31, 2024 [1][2] - The letter does not have an immediate effect on the listing of the company's ordinary shares on the NASDAQ Capital Market, and the company has 60 days to submit a plan to regain compliance [2] - The company intends to file the 20-F as soon as possible and believes it will be in compliance with all NASDAQ continued listing requirements thereafter [2] Group 2 - Crown LNG is a leading provider of offshore LNG liquefaction and regasification terminal infrastructure solutions, focusing on harsh weather locations [4] - The company targets a significant addressable market for bottom-fixed, gravity-based liquefaction and floating storage regasification units, as well as associated green and blue hydrogen, ammonia, and power projects [4] - Crown aims to provide lower carbon sources of energy securely to underserved markets across the globe [4]