Top Ships (TOPS) Prices 166.67M Share Registered Direct Offering at $0.12/Sh
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TOP Ships Inc. Announces Pricing of $20.0 Million Common Shares Registered Direct Offering
June 8, 2020 9:00 AM EDTATHENS, Greece, June 08, 2020 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the Company) (NASDAQ: TOPS) announced today that it has entered into a placement agency agreement with Maxim Group LLC relating to the sale of the Companys common shares (the Placement Agency Agreement). Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 166,666,667 common shares at a public offering price of $0.12 per share (the Registered Offering). The aggregate gross proceeds of the Registered Offering is $20.0 million. The... More
