TOP Ships Inc. Announces Consent Solicitation for Warrants Issued on June 11, 2014
May 06 2019 - 5:00PM
TOP Ships Inc. (the “Company”) (NASDAQ:TOPS) announced today that
it has commenced a consent solicitation with respect to warrants to
purchase common shares of the Company issued on June 11, 2014 (each
a “Warrant” and collectively the “Warrants”). The Company is
seeking to amend (the “Proposed Amendment”) each Warrant to extend
the expiration of each Warrant to July 31, 2019 (the “Amended
Warrant Expiration Date”). The Company is soliciting a consent for
the Proposed Amendment from each holder (each a “Holder” and
collectively the “Holders”) of Warrants, and the Proposed Amendment
will become effective with respect to each Warrant upon receipt by
the Company of such Holder’s consent on or before June 11, 2019,
unless extended by the Company in its sole discretion (the “Consent
Expiration Date”). Only those Warrant Holders who validly
deliver consents on or before the Expiration Date will be granted
the Amended Warrant Expiration Date.
The consent solicitation is subject to customary
conditions, including, among other things, the receipt of a valid
and unrevoked consent prior to June 11, 2019.
The consent solicitation is being made solely on
the terms and subject to the conditions set forth in the consent
solicitation and the accompanying letter of consent. The Company
may, at its sole discretion, extend or amend the consent
solicitation at any time and may terminate the Consent Solicitation
prior to the receipt of a consent from any Holder.
About TOP Ships Inc.TOP Ships
Inc. is an international ship-owning company. For more information
about TOP Ships Inc., visit its website: www.topships.org.
Forward-Looking
StatementsMatters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,”
“potential,” “may,” “should,” “expect” “pending” and similar
expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections.
For further information please
contact:
Alexandros TsirikosChief Financial OfficerTOP
Ships Inc.Tel: +30 210 812 8107Email:
atsirikos@topships.org
TOP Ships (NASDAQ:TOPS)
Historical Stock Chart
From Mar 2024 to Apr 2024
TOP Ships (NASDAQ:TOPS)
Historical Stock Chart
From Apr 2023 to Apr 2024