Castor Maritime Inc. Announces Results of its 2023 Annual General Meeting of Shareholders

Rhea-AI Summary

Castor Maritime Inc. held its 2023 Annual General Meeting of Shareholders, approving the re-election of Mr. Petros Panagiotidis as Class C Director until 2026 and appointing Deloitte Certified Public Accountants as independent auditors for fiscal year 2023. Amendments to the Articles of Incorporation were also approved to effect one or more reverse stock splits at a ratio of not less than one-for-two and not more than one-for-100.

LIMASSOL, Cyprus, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that the Company’s 2023 Annual General Meeting of Shareholders (the "Meeting") was duly held on September 1, 2023, at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.

At the Meeting, the following proposals were approved and adopted:

1. The re-election of Mr. Petros Panagiotidis to serve as the Company’s Class C Director until the 2026 Annual General Meeting of Shareholders;
   
   
2. The appointment of Deloitte Certified Public Accountants S.A., as the Company’s independent auditors for the fiscal year of 2023; and
   
   
3. One or more amendments to the Company’s Articles of Incorporation to effect one or more reverse stock splits of the Company’s issued common shares, at a ratio of not less than one-for-two and not more than one-for-100 and in the aggregate at a ratio of not more than one-for-100, inclusive.
   

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

Castor owns a fleet of 20 vessels, with an aggregate capacity of 1.6 million dwt, currently consisting of 1 Capesize, 6 Kamsarmax, 11 Panamax dry bulk vessels and 2 2,700 TEU containership vessels.

For more information please visit the Company’s website at www.castormaritime.com. Information on our website does not constitute a part of this press release.

CONTACT DETAILS

For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com