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Top Ships Inc (TOPS.OQ)

TOPS.OQ on NASDAQ Stock Exchange Capital Market

1.42USD
1:59pm EST
Change (% chg)

$-0.15 (-9.55%)
Prev Close
$1.57
Open
$1.52
Day's High
$1.53
Day's Low
$1.42
Volume
152,448
Avg. Vol
267,702
52-wk High
$7.80
52-wk Low
$0.69

Latest Key Developments (Source: Significant Developments)

Top Ships Announces Committee Approval For Up To $92.5 Mln In Financing For Two Suezmax Vessels
Tuesday, 11 Sep 2018 09:00am EDT 

Sept 11 (Reuters) - Top Ships Inc ::TOP SHIPS INC. ANNOUNCES CREDIT COMMITTEE APPROVAL FOR UP TO $92.5 MILLION IN FINANCING FOR TWO SUEZMAX NEWBUILDING VESSELS.TOP SHIPS INC - OBTAINED NON-BINDING CREDIT COMMITTEE APPROVAL FROM CHINESE LEASING COMPANY FOR UP TO $92.5 MILLION VIA SALE AND LEASEBACK AGREEMENTS.TOP SHIPS INC - VESSELS WILL BE SOLD WHEN THEY ARE DELIVERED FROM SHIPYARD, WHICH IS CURRENTLY PLANNED FOR APRIL AND MAY OF 2019, RESPECTIVELY.  Full Article

Top Ships Inc Announces Termination Of ATM Program And Other Corporate Developments
Tuesday, 24 Jul 2018 06:15am EDT 

July 24 (Reuters) - Top Ships Inc ::TOP SHIPS INC ANNOUNCES TERMINATION OF ATM PROGRAM AND OTHER CORPORATE DEVELOPMENTS.TOP SHIPS INC - TERMINATING EQUITY DISTRIBUTION AGREEMENT WITH MAXIM GROUP LLC PROVIDING FOR "AT-THE-MARKET" EQUITY OFFERING PROGRAM.TOP SHIPS INC - RECEIVED INDICATIVE TERMS FROM FINANCIAL INSTITUTIONS FOR FINANCING OF M/T'S ECO CALIFORNIA, ECO BEL AIR & ECO BEVERLY HILLS.TOP SHIPS INC - IN DISCUSSIONS WITH EXISTING SENIOR LENDERS & WITH OTHER FINANCE PROVIDERS WITH OBJECTIVE TO SECURE ADDITIONAL LIQUIDITY.TOP SHIPS INC - CLOSE TO FINALIZING INCREASE IN FAMILY TRADING CREDIT FACILITY, AFFILIATE OF CEO EVANGELOS PISTIOLIS.  Full Article

Top Ships To Effect 1-For-10 Reverse Stock Split Of Issued Common Shares
Thursday, 22 Mar 2018 06:00pm EDT 

March 22 (Reuters) - Top Ships Inc ::TOP SHIPS ANNOUNCES CHANGE IN ITS CAPITAL RAISING CORPORATE STRATEGY AND OTHER CORPORATE DEVELOPMENTS.TOP SHIPS INC - DETERMINED TO EFFECT A 1-FOR-10 REVERSE STOCK SPLIT OF COMPANY'S ISSUED COMMON SHARES.  Full Article

Top Ships Says On Jan 5, Entered Into Amendment To Note Purchase Agreement Dated Dec 14, 2017 With Crede Capital Group
Monday, 8 Jan 2018 09:36am EST 

Jan 8 (Reuters) - Top Ships Inc ::TOP SHIPS SAYS ON JAN 5, ENTERED INTO AMENDMENT TO NOTE PURCHASE AGREEMENT DATED DEC 14, 2017 WITH CREDE CAPITAL GROUP LLC - SEC FILIING.TOP SHIPS-PURSUANT TO AMENDMENT TO ISSUE UNSECURED PROMISSORY NOTE OF $5.4 MILLION WITH REVOLVING OPTION FOR 1 ADDITIONAL $4.6 MILLION NOTE TO CREDE.  Full Article

Top Ships Inc Announces Extension Of Time Charters For Four Vessels
Wednesday, 3 Jan 2018 04:30pm EST 

Jan 3 (Reuters) - Top Ships Inc ::TOP SHIPS INC ANNOUNCES EXTENSION OF TIME CHARTERS FOR FOUR VESSELS.TOP SHIPS INC - HAS EXTENDED TIME CHARTER AGREEMENTS WITH STENA BULK AB BY 12 MONTHS FOR M/T STENAWECO ENERGY AND M/T STENAWECO ELEGANCE.TOP SHIPS INC - HAS EXTENDED TIME CHARTER AGREEMENTS WITH STENA BULK AB BY 18 MONTHS FOR M/T STENAWECO EVOLUTION AND M/T STENAWECO EXCELLENCE.TOP SHIPS INC - COMPANY EXPECTS A TOTAL GROSS REVENUE BACKLOG ASSOCIATED WITH THE TIME CHARTER EXTENSIONS OF $27.4 MILLION.  Full Article

The Lax Trust Reports 13.8 Pct Stake In Top Ships - SEC Filing
Thursday, 21 Dec 2017 04:57pm EST 

Dec 21 (Reuters) - Top Ships Inc ::THE LAX TRUST REPORTS 13.8 PERCENT STAKE IN TOP SHIPS INC AS ON DECEMBER 20 - SEC FILING.THE LAX TRUST HAD PREVIOUSLY REPORTED 26.2 PERCENT STAKE IN TOP SHIPS INC AS ON NOV 15.  Full Article

Top Ships announces newbuilding vessel with Time Charter to Oil Major
Friday, 24 Nov 2017 05:00pm EST 

Nov 24 (Reuters) - Top Ships Inc :Top Ships Inc. announces Newbuilding Vessel with Time Charter to Oil Major.Top Ships Inc - ‍company paid $3.6 million for outstanding shares and vessel is scheduled for delivery during January 2019​.Top Ships - ‍acquired all shares of PCH77 shipping company limited, a marshall islands company that owns a new building contract for m/t eco california​.Top Ships Inc - co paid $3.6 million for outstanding shares of PCH77 shipping company limited and vessel is scheduled for delivery during January 2019​.  Full Article

Top Ships agrees to enter into a $12.5 million note purchase agreement
Friday, 10 Nov 2017 09:05am EST 

Nov 10 (Reuters) - Top Ships Inc :Says ‍agrees to enter into a $12.5 million note purchase agreement with option for additional $5 million​.Says ‍notes will have a 2-year term​.Says ‍notes to bear interest at 2% per annum for first 90 days, 10% per annum for next 90 days, and 15% per annum for remaining duration of term​.  Full Article

Crede Capital Group reports a 9.97 pct passive stake in Top Ships
Thursday, 9 Nov 2017 12:49pm EST 

Nov 9 (Reuters) - Top Ships Inc ::Crede Capital Group LLC reports a 9.97 pct passive stake in Top Ships Inc <<>> as of Nov 8 - SEC filing.  Full Article

Top Ships enters into a common stock purchase agreement
Wednesday, 8 Nov 2017 09:15am EST 

Nov 8 (Reuters) - Top Ships Inc :Top Ships says on Nov 7, co entered into a common stock purchase agreement for up to $25 million of shares of stock, par value $0.01 - SEC filing‍​.  Full Article