Top Ships (TOPS) Prices 40M Share Direct Offering at $0.20/Sh

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Go back to Top Ships (TOPS) Prices 40M Share Direct Offering at $0.20/Sh

TOP SHIPS INC. ANNOUNCES PRICING OF $8.0 MILLION REGISTERED DIRECT OFFERING PRICED AT THE MARKET

March 31, 2020 7:00 AM EDT

ATHENS, Greece, March 31, 2020 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the Company) (NASDAQ: TOPS) announced today that it has entered into a placement agent agreement with Maxim Group LLC relating to the sale of the Companys securities (the Placement Agent Agreement).  Pursuant to the Placement Agent Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 40,000,000 common shares at a public offering price of $0.20 per share in a registered direct offering priced at-the-market under Nasdaq rules (the Registered Offering). The... More