 LIMASSOL, Cyprus, May 21, 2021 GLOBE NEWSWIRE -- Castor Maritime Inc. NASDAQ: CTRM, Castor, or the Company, a diversified global shipping company, announces that its board of directors the Board has determined to effect a 1-for-10 reverse stock split of the Companys common shares. The Companys shareholders approved the reverse stock split by a ratio of not less than 1-for-2 and not more than 1-for-75 and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Companys Annual Meeting of Shareholders held on November 25, 2020. 