Performance Shipping (PSHG) Prices Direct Offering at $0.35/Share with Warrants

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Go back to Performance Shipping (PSHG) Prices Direct Offering at $0.35/Share with Warrants

Performance Shipping Inc. Announces Pricing of $5.95 Million Registered Direct Offering and Concurrent Private Placement

July 18, 2022 12:45 PM EDT

ATHENS, Greece, July 18, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (we or the Company), a global shipping company specializing in the ownership of tanker vessels, announced today that it has entered into a securities purchase agreement (the Agreement) with several institutional investors to purchase approximately $5.95 million of its common shares 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 and one warrant to purchase one common share will be $0.35.

Under the terms of the... More