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Top Ships Inc (TOPS.OQ)

TOPS.OQ on NASDAQ Stock Exchange Capital Market

0.31USD
14 Dec 2017
Change (% chg)

$-0.01 (-4.52%)
Prev Close
$0.32
Open
$0.31
Day's High
$0.37
Day's Low
$0.26
Volume
4,783,714
Avg. Vol
1,689,075
52-wk High
$89,100.00
52-wk Low
$0.26

Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Top Ships announces newbuilding vessel with Time Charter to Oil Major

* Top Ships Inc. announces Newbuilding Vessel with Time Charter to Oil Major