Castor Maritime Inc. (CTRM) Prices 51.4M Units at $0.35/Unit

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Go back to Castor Maritime Inc. (CTRM) Prices 51.4M Units at $0.35/Unit

Castor Maritime Inc. Announces Pricing of Upsized $18.0 Million Underwritten Public Offering

June 23, 2020 8:30 PM EDT

LIMASSOL, Cyprus, June 23, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the Company) (NASDAQ: CTRM) announced today the pricing of an upsized underwritten public offering of 51,400,000 units at a price of $0.35 per unit. Each unit consists of one common share (or prefunded warrant in lieu thereof) and one Class A warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $18.0 million. The Company intends to use the net proceeds of the... More