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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. 

Latest Developments for TOP SHIPS Inc

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25 Nov 2014