Key Developments: TOP SHIPS Inc (TOPS.OQ)

TOPS.OQ on NASDAQ Stock Exchange Global Select Market

2.03USD
12 Sep 2014
Price Change (% chg)

$0.05 (+2.53%)
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$1.98
Open
$2.01
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Volume
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Latest Key Developments (Source: Significant Developments)

Top Ships Inc announces underwriters' partial exercise of over-allotment option
Tuesday, 24 Jun 2014 08:00am EDT 

Top Ships Inc:Underwriters of its previously announced underwritten public offering of 10,000,000 common shares, and warrants to purchase 5,000,000 common shares, have partially exercised their option to purchase an additional 660,000 common shares from the Company at $2.00 per share.Says in addition to the previously announced partial exercise of this option to purchase 330,000 additional warrants, to cover over-allotments.Says bringing total gross proceeds from the offering to about$21,320,050 before deducting underwriting discounts and commissions and other offering expenses payable by the Company.Aegis Capital Corp. served as the sole book-running manager of the offering.  Full Article

Top Ships Inc announces closing of public offering
Thursday, 12 Jun 2014 08:30am EDT 

Top Ships Inc:Closes underwritten public offering of 10,000,000 shares of its common stock, and warrants to purchase 5,000,000 common shares at $2 per common share and $0.00001 per warrant.Gross proceeds from this offering before deducting underwriting discount and other offering expenses payable by company were $20,000,050.Net proceeds expected to be used to finance part of Top Ship's contractual commitments in relation to its fleet and for working capital and general corporate purposes.Aegis Capital Corp. acted as the sole book-running manager of the offering.  Full Article

Top Ships Inc announces pricing of public offering
Friday, 6 Jun 2014 09:04am EDT 

Top Ships Inc:Says pricing of an underwritten public offering of 10,000,000 shares of its common stock, and warrants to purchase 5,000,000 common shares, at $2.00 per common share and $0.00001 per warrant.Says it has granted the underwriters a 45-day option to purchase up to an additional 1,500,000 common shares and/or up to 750,000 additional warrants to cover over-allotments, if any.Offering is expected to close on June 11.Says gross proceeds from this offering before deducting the underwriting discount and other offering expenses payable by the Company are expected to be $20,000,050.Says net proceeds of this offering are expected to be used to finance part of Top Ship's contractual commitments in relation to its fleet and for working capital and general corporate purposes.Aegis Capital Corp. is acting as the sole book-running manager of the offering.  Full Article

Top Ships Inc Announces Closing Of Sale Of Fleet
Friday, 18 Oct 2013 08:30am EDT 

Top Ships Inc announced the closing of its previously announced transaction pursuant to which the Company has sold the shipowning subsidiaries which own the six vessels of the Company's fleet to an affiliate of the AMCI Poseidon Fund LP, for an aggregate cash consideration of approximately $173 million less approximately $135 million in debt and swap obligations of the Company assumed by the buyers. The Company intends to use the net proceeds of the sale to pay down existing liabilities on its balance sheet and, together with future borrowings, to initiate a program of acquisition of new vessels.  Full Article

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