Top Ships (TOPS) Prices 14.3M Share Price Direct Offering at $0.5/sh

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Go back to Top Ships (TOPS) Prices 14.3M Share Price Direct Offering at $0.5/sh

TOP Ships Inc. Announces Pricing of $7.2 Million Registered Direct Offering and Concurrent Private Placement

June 3, 2022 8:30 AM EDT

ATHENS, Greece, June 03, 2022 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the Company) (NASDAQ: TOPS), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has entered into a securities purchase agreement with a single institutional investor to purchase approximately $7.2 million of its common shares (or pre-funded warrants in lieu thereof) in a registered direct offering and warrants to purchase common shares in a concurrent private placement. The combined effective purchase price for one common share (or pre-funded warrant in lieu thereof) and one warrant to purchase one... More