Castor Maritime Inc. (CTRM) Prices $18M Registered Direct Offering

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Go back to Castor Maritime Inc. (CTRM) Prices $18M Registered Direct Offering

Castor Maritime Inc. Announces Pricing of $18.0 Million Registered Direct Offering

December 31, 2020 9:00 AM EST

LIMASSOL, Cyprus, Dec. 31, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the Company) (NASDAQ: CTRM) announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 94.8 million of its common shares and warrants to purchase up to an aggregate of 94.8 million common shares at a purchase price of $0.19 per common share and accompanying warrant in a registered direct offering. The warrants will have an exercise price of $0.19 per share, are exercisable immediately and will expire five years following the date of issuance.

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