DryShips (DRYS) Reports Q2 Loss of $37/Share, Receives SEC Subpoena

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Go back to DryShips (DRYS) Reports Q2 Loss of $37/Share, Receives SEC Subpoena

DryShips Inc. Reports Financial and Operating Results for the Second Quarter 2017

August 30, 2017 4:05 PM EDT

ATHENS, GREECE -- (Marketwired) -- 08/30/17 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, today announced its unaudited financial and operating results for the quarter ended June 30, 2017.

Recent Developments

Private placement On August 29, 2017, the Company announced the closing of its previously announced sale of common shares of the Company to entities affiliated with its Chairman and Chief Executive Officer, Mr. George Economou ("Mr. Economou") for aggregate consideration of $100 million at a price of $2.75 per share (the "Private... More