Seanergy Maritime (SHIP) Prices 44.15M Share Common Offering at $1.70/Sh

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Seanergy Maritime Holdings Corp. Announces Pricing of $75 Million Common Share Offering Priced At-The-Market

February 16, 2021 10:20 PM EST

GLYFADA, Greece, Feb. 16, 2021 (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 44,150,000 of its common shares (the Common Shares) at a price of $1.70 per share, for aggregate gross proceeds of approximately $75.0 million, in a registered direct offering priced at-the-market under Nasdaq rules.

Stamatis Tsantanis, the Companys Chairman & Chief Executive Officer, stated:

The pricing of our offering will underpin our strategic aims of sustainable fleet... More