Box Ships (TEU) Prices $30M Common Offering at $7/Share

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Box Ships Inc. (NYSE: TEU) today announced that it has priced its previously announced public offering of $30,000,005 of its common shares at $7.00 per share. The offering is expected to close on July 18, 2012. The Company has granted the underwriters a 30-day option to purchase an additional $4,500,000 of its common shares to cover over-allotments, if any. Neige International Inc., a company controlled by our Chairman, President and Chief Executive Officer, Mr. Michael Bodouroglou, has agreed to purchase 2.6% of the common shares sold in the offering at the public offering price.

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