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Top Ships Inc (TOPS.OQ)

TOPS.OQ on NASDAQ Stock Exchange Capital Market

0.53USD
16 Oct 2017
Change (% chg)

$-0.07 (-12.19%)
Prev Close
$0.60
Open
$0.57
Day's High
$0.62
Day's Low
$0.52
Volume
660,637
Avg. Vol
210,189
52-wk High
$151,200.00
52-wk Low
$0.47

Latest Key Developments (Source: Significant Developments)

Top Ships says board has determined to effect a 1-for-2 reverse stock split of company's common stock
Thursday, 5 Oct 2017 09:20am EDT 

Oct 5 (Reuters) - Top Ships Inc :Top Ships Inc says board of has determined to effect a 1-for-2 reverse stock split of the company's common stock- SEC filing‍​.  Full Article

Top Ships says on Sept 15 issued unsecured promissory note of $2 mln to Xanthe Holdings - SEC filings
Friday, 15 Sep 2017 09:45am EDT 

Sept 15 (Reuters) - Top Ships Inc :Top Ships says on Sept 15, co issued unsecured promissory note of $2 million with original issue discount of about 1 pct to Xanthe Holdings - SEC filings.  Full Article

TOP Ships Inc announces time charter and loan agreement
Wednesday, 13 Sep 2017 04:30pm EDT 

Sept 13 (Reuters) - Top Ships Inc :TOP Ships Inc Announces time charter and loan agreement.TOP Ships Inc - ‍Company expects a total gross revenue backlog associated with this time charter of up to $27.5 million including optional periods​.TOP Ships Inc - ‍Also announced that it has entered into a $23.5m bank loan facility with a European bank for financing of Eco Palm Desert​.TOP Ships Inc - ‍Charterer has option to extend firm employment period by two additional years​.  Full Article

Top Ships board to effect 1-for-30 reverse stock split of the co's common stock
Wednesday, 2 Aug 2017 09:58am EDT 

Aug 2 (Reuters) - Top Ships Inc :Board of directors has determined to effect a 1-for-30 reverse stock split of the company's common stock - SEC filing‍​.Reverse stock split will take effect, stock will begin trading on split-adjusted basis on as of opening of trading on August 3.  Full Article

Top Ships announces joint ventures and new vessel employment
Wednesday, 12 Jul 2017 08:30am EDT 

July 12 (Reuters) - Top Ships Inc ::Top Ships Inc announces joint ventures and new vessel employment.Top Ships Inc - ‍entered into two joint venture agreements, on a 50-50 basis, with Gunvor Group Ltd​.Top Ships Inc - ‍agreements for two 50,000 DWT product tankers M/T Eco Holmby Hills and M/T Eco Palm Springs​.Top Ships Inc - ‍tankers are currently under construction in Hyundai with expected deliveries in first and second quarters of 2018, respectively​.Top Ships Inc - ‍upon their delivery from Hyundai, each of two product tankers will enter into time charter employment with Clearlake Shipping Pte Ltd​.Top Ships Inc - ‍time charter employment with Clearlake for three years firm plus two additional option years​.Top Ships Inc - ‍total potential gross revenue backlog from contracts is estimated to be about $55 million​.  Full Article

Top Ships says post reverse stock split, co's cash and cash equivalents is about $4.2 mln
Monday, 26 Jun 2017 04:30pm EDT 

June 26 (Reuters) - Top Ships Inc :Reports updated financial information giving effect to reverse stock split on june 23, 2017.As of June 23, 2017, post reverse stock split, co's cash and cash equivalents is approximately $4.2 million (or $2.91 per share).Book value of vessels, net: approximately $123.4 million as of june 23.Co's debt outstanding balance as of june 23 approximately $113.8 million.Co's number of shares outstanding as of june 23 is 1.44 million.  Full Article

Top Ships says board determined to effect a 1-for-15 reverse stock split - SEC Filing
Thursday, 22 Jun 2017 10:30am EDT 

June 22 (Reuters) - Top Ships Inc :Top ships inc says board of directors has determined to effect a 1-for-15 reverse stock split of the company's common stock - sec filing.Top ships inc says reverse stock split will take effect, and common stock will begin trading on a split-adjusted basis on june 23, 2017.  Full Article

Intracoastal Capital reports 9.99 pct passive stake in Top Ships
Monday, 5 Jun 2017 04:52pm EDT 

June 5 (Reuters) - Top Ships Inc ::Intracoastal Capital Llc reports 9.99 percent passive stake in Top Ships Inc as of may 27 - sec filing.  Full Article

Top Ships Inc announces interim financial results for period ended June 30, 2016
Friday, 29 Jul 2016 04:30pm EDT 

Top Ships Inc :Top Ships Inc. announces interim financial results for period ended June 30, 2016.  Full Article

Top Ships Inc announces $15.0 million unsecured revolving credit facility
Thursday, 24 Dec 2015 01:20pm EST 

Top Ships Inc:Announces $15.0 million unsecured revolving credit facility.Borrowings under the Facility may be used to fund only the Company's newbuilding program and working capital relating to the Company's operating vessels.  Full Article

BRIEF-Top Ships says board has determined to effect a 1-for-2 reverse stock split of company's common stock

* Top Ships Inc says board of has determined to effect a 1-for-2 reverse stock split of the company's common stock- SEC filing‍​ Source text (http://bit.ly/2fT5BdG) Further company coverage: (Bangalore.newsroom@thomsonreuters.com)