Top Ships (TOPS) Announces Termination of ATM Program of $19.7 Million

TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced that it has given notice to terminate the equity distribution agreement for the sale of the Company’s common shares up to an aggregate amount of $19.7 million (the “Agreement”) with Maxim Group LLC in an “at-the-market” equity offering program (the “ATM”). The Company will make no further sales under the ATM. Net proceeds from sales under the ATM amounted to approximately $2.0 million.

You May Also Be Interested In

• Tantech Holdings (TANH) Announces $2.1 Million Private Placement
• Maxim Group Upgrades Generation Income Properties Inc. (GIPR) to Buy
• Allurion Technologies (ALUR) Closes $48M Convertible Senior Secured Note Financing