Globus Maritime Limited Announces Closing of $30.0 Million Registered Direct Offering and the Agreement to Acquire a 2011-Bui...
February 18 2021 - 10:15AM
Globus Maritime Limited (the “Company” or "Globus") (NASDAQ: GLBS),
a dry bulk shipping company, announced today that on February 17,
2021 it closed the previously announced registered direct offering
of 4.8 million common shares (or pre-funded warrants in lieu
thereof) and warrants to purchase up to an aggregate of 4.8 million
common shares.
The gross proceeds to the Company from the
registered direct offering were approximately $30.0 million before
deducting the placements agent’s fees and other estimated offering
expenses. Maxim Group LLC served as exclusive placement agent for
the offering.
The securities described above were sold
pursuant to a shelf registration statement on Form F-3 (File No.
333-240265), previously filed with the Securities and Exchange
Commission (the “SEC”) on July 31, 2020 and declared effective on
August 12, 2020. The offering was made only by means of a
prospectus, including a prospectus supplement, forming a part of
the effective registration statement. A final prospectus supplement
and accompanying prospectus relating to the securities described
above were filed with the SEC on February 16, 2021. Copies of the
prospectus supplement and the accompanying prospectus relating to
the registered direct offering may be obtained at the SEC’s website
at www.sec.gov or by contacting Maxim Group LLC, 405 Lexington
Avenue, 2nd Floor, New York, NY 10174, at 212-895-3745.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
Subsequent to the closing of the offering, the
Company entered into, through a separate wholly owned subsidiary,
an agreement with an unaffiliated third party to purchase a
2011-built Kamsarmax vessel built by the Universal Shipbuilding
Corporation, Japan. The price for the vessel is $16.5 million if
the ship is delivered on or before May 31, 2021 and $16.2 million
if the ship is delivered between June 1, 2021 and August 15, 2021,
with the date of delivery to be determined by the seller.
The vessel is expected to be delivered to Globus
between April 1, 2021 and August 15, 2021, as determined by the
seller.
On completion of this acquisition, the fleet of
Globus is expected to expand to seven dry bulk carriers with a
total carrying capacity of 462,393 deadweight tons and a weighted
average age of 11 years (as of February 18, 2021).
Athanasios (“Thanos”) Feidakis, President and
CEO of Globus commented:
“We are very pleased to announce yet another
successful offering and to continue growing by expanding our fleet
through what we believe to be worthy acquisitions.
We are continuing to view acquisition
opportunities and as the market improves, we remain hopeful that
there will be additional opportunities to acquire vessels that fit
our profile and operational needs.”
About Globus Maritime Limited
Globus is an integrated dry bulk shipping
company that provides marine transportation services worldwide and
presently owns, operates and manages a fleet of six dry bulk
vessels that transport iron ore, coal, grain, steel products,
cement, alumina and other dry bulk cargoes internationally. Globus’
subsidiaries own and operate five vessels with a total carrying
capacity of 381,738 Dwt and a weighted average age of 11.2 years as
of December 31, 2020.
Safe Harbor Statement
This communication contains “forward-looking
statements” as defined under U.S. federal securities laws.
Forward-looking statements provide the Company’s current
expectations or forecasts of future events. Forward-looking
statements include statements about the Company’s expectations,
beliefs, plans, objectives, intentions, assumptions and other
statements that are not historical facts or that are not present
facts or conditions. Words or phrases such as “anticipate,”
“believe,” “continue,” “estimate,” “expect,” “intend,” “may,”
“ongoing,” “plan,” “potential,” “predict,” “project,” “will” or
similar words or phrases, or the negatives of those words or
phrases, may identify forward-looking statements, but the absence
of these words does not necessarily mean that a statement is not
forward-looking. Forward-looking statements are subject to known
and unknown risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ
materially from those expected or implied by the forward-looking
statements. The Company’s actual results could differ materially
from those anticipated in forward-looking statements for many
reasons specifically as described in the Company’s filings with the
Securities and Exchange Commission. Accordingly, you should not
unduly rely on these forward-looking statements, which speak only
as of the date of this communication. Globus undertakes no
obligation to publicly revise any forward-looking statement to
reflect circumstances or events after the date of this
communication or to reflect the occurrence of unanticipated events.
You should, however, review the factors and risks Globus describes
in the reports it files from time to time with the Securities and
Exchange Commission.
For further information please
contact:
Globus Maritime Limited |
+30 210 960 8300 |
Athanasios Feidakis |
a.g.feidakis@globusmaritime.gr |
Capital Link – New York |
+1 212 661 7566 |
Nicolas Bornozis |
globus@capitallink.com |
Globus Maritime (NASDAQ:GLBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Globus Maritime (NASDAQ:GLBS)
Historical Stock Chart
From Apr 2023 to Apr 2024