Globus Maritime Limited Announces Pricing of $50 Million Registered Direct Offering
June 25 2021 - 9:00AM
Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS)
announced today that it has entered into a securities purchase
agreement with certain unaffiliated institutional investors to
issue 10.0 million of its common shares (or pre-funded warrants in
lieu thereof) and purchase warrants to purchase up to an aggregate
of 10.0 million common shares at a purchase price of $5.00 per
common share and accompanying purchase warrant (or $4.99 per
pre-funded warrant and accompanying purchase warrant) in a
registered direct offering. The purchase warrants will have an
exercise price of $5.00 per share, are exercisable immediately, and
will expire five and a half years following the date of issuance.
Maxim Group LLC is acting as sole placement
agent for the offering.
The gross proceeds to the Company from the
offering are estimated to be approximately $50 million (assuming
full exercise of all pre-funded warrants) before deducting the
placement agent’s fees and other estimated offering expenses. The
offering is expected to close on or about June 29, 2021, subject to
the satisfaction of customary closing conditions.
The securities described above are being 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. Such securities are being offered only by means of
a prospectus. A prospectus supplement and the accompanying
prospectus relating to and describing the terms of the offering
will be filed with the SEC. When available, copies of the
prospectus supplement and the accompanying prospectus relating to
the offering may be obtained at the SEC’s website at www.sec.gov or
by contacting Maxim Group LLC, 300 Park Avenue, 16th Floor, New
York, NY 10022, 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.
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 seven dry bulk
vessels that transport iron ore, coal, grain, steel products,
cement, alumina and other dry bulk cargoes internationally. Globus’
subsidiaries own and operate seven vessels with a total carrying
capacity of 463,765 Dwt and a weighted average age of 10.1 years as
of June 18, 2021.
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: |
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Globus Maritime Limited +30 210 960 8300 |
Capital Link – New York +1 212 661 7566 |
Athanasios Feidakis, CEO |
Nicolas Bornozis globus@capitallink.com |
a.g.feidakis@globusmaritime.gr |
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