Top Ships (TOPS) Announces Management Estimate of Net Asset Value of $285M

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TOP Ships Announces Management Estimate of Net Asset Value of $285 Million, Net Asset Value per Share of $14.02 and Diluted Net Asset Value per Share of $4.97

August 4, 2023 7:00 AM EDT

ATHENS, Greece, Aug. 04, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the Company or Top Ships) (NASDAQ: TOPS), an international owner and operator of modern, fuel efficient ECO tanker vessels, announced today that following the release of the Companys financial results for the period ended June 30, 2023 the management estimates the companys Net Asset Value (NAV), as of June 30, 2023 to be $285.3 million.

This translates into an NAV of $14.02 per common share (based on number of common shares currently outstanding) and $4.97 per common share on a fully diluted basis (assuming exercise of... More