Seanergy Maritime (SHIP) Prices 50.75M Share Offering at $0.12/Sh

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Seanergy Maritime Holdings Corp. Announces Pricing of Approximately $6.1 Million Offering

April 20, 2020 9:00 AM EDT

ATHENS, Greece, April 20, 2020 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the Company) (NASDAQ: SHIP) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to purchase approximately $6.1 million of its common shares (the Common Shares) in a registered direct offering and warrants to purchase Common Shares in a concurrent private placement. 

Under the terms of the securities purchase agreement, the Company has agreed to sell 50,750,000 Common Shares. In a concurrent private placement, the Company has agreed to issue warrants to purchase up to 50,750,000 Common... More