Seanergy Maritime (SHIP) Completes $10 Million Equity Injection
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Price: $17.56 -1.51%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 18.9%
Revenue Growth %: +11.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 18.9%
Revenue Growth %: +11.1%
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Seanergy Maritime Holdings (NASDAQ: SHIP) announced the successful completion of the previously announced equity injection by four entities affiliated with members of the Restis family. In exchange of $10 million, the Company has issued an aggregate of 4,641,620 common shares to the four entities at a price of $2.15442, which was the average closing price of the five trading days preceding the execution of the purchase plan. Following the issuance of the shares, the Company has a total of 11,959,282 outstanding common shares.
In addition, the Company finalized the amendment of its facilities' agreement with Marfin Egnatia Bank. The amendment includes the (i) extension of the term and revolving facilities' maturity dates from September 2015 to December 2018.
In addition, the Company finalized the amendment of its facilities' agreement with Marfin Egnatia Bank. The amendment includes the (i) extension of the term and revolving facilities' maturity dates from September 2015 to December 2018.
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