Navios Maritime Holdings Inc. (the “Company”) announced that the Company’s (i) American Depositary Shares each representing 1/100th of a share of the Company’s 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock, $0.0001 par value per share (the “Series G ADSs”) and (ii) American Depositary Shares each representing 1/100th of a share of the Company’s 8.625% Series H Cumulative Redeemable Perpetual Preferred Stock, $0.0001 par value per share (the “Series H ADSs” and, together with the Series G ADSs, the “ADSs”) and the preferred stock underlying the ADSs have been delisted from the New York Stock Exchange (the “NYSE”).

The Company has also filed a Form 15 with the Securities and Exchange Commission (the “SEC”) to suspend its reporting obligations under the Securities Exchange Act of 1934. As a result, the Company’s obligation to file periodic reports with the SEC, including its annual report on Form 20-F, is immediately suspended.   Once the Form 15 is effective, which is expected to occur within 90 days of today’s filing, the Company’s obligations to file all other reports with the SEC will also be suspended.

The Company intends to make publicly available the financial information about the Company necessary in order to allow the ADSs to be quoted on an over-the-counter (“OTC”) market. However, no assurance can be provided that any broker-dealer will make a market in the ADSs, which is a requirement for OTC quotation, or that trading of the ADSs will continue on an OTC market or elsewhere.

Source: Navios Maritime Holdings Inc.