Globus Maritime Limited Announces Pricing of Upsized $12.0 Million Underwritten Public Offering
June 18 2020 - 8:46AM
Globus Maritime Limited (the “Company”) (NASDAQ: GLBS) announced
today the pricing of an underwritten public offering of 34,285,714
units at a price of $0.35 per unit. Each unit consists of one
common share (or pre-funded warrant in lieu thereof) and one Class
A warrant to purchase one common share, and will immediately
separate upon issuance. The gross proceeds of the offering to the
Company, before underwriting discounts and commissions and
estimated offering expenses, are expected to be approximately $12.0
million.
Each Class A warrant is immediately exercisable
for one common share at an exercise price of $0.35 per share and
will expire five years from issuance. The offering is expected to
close on or about June 22, 2020, subject to customary closing
conditions.
Maxim Group LLC is acting as sole book-running
manager in connection with the offering.
The Company has granted the underwriter a 45-day
option to purchase up to an additional 5,142,857 shares of common
stock or pre-funded warrants and/or 5,142,857 Class A warrants, at
the public offering price less discounts and commissions.
The offering is being conducted pursuant to the
Company's registration statement on Form F-1 (File No. 333-238119)
previously filed with and subsequently declared effective by the
Securities and Exchange Commission ("SEC") on June 17, 2020 (the
“Registration Statement”). A final prospectus relating to the
offering will be filed with the SEC and will be available on the
SEC's website at http://www.sec.gov. Electronic copies of the
prospectus relating to this offering, when available, may be
obtained from 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, 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
registration or qualification of these securities 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 five 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 300,571 Dwt and a weighted average age of 12.1 years as
of March 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 will file from time to time with the Securities
and Exchange Commission after the date of this communication.
For further information please contact:
Globus Maritime Limited +30 210 960 8300Athanasios Feidakis, CEO
a.g.feidakis@globusmaritime.gr Capital Link – New York +1 212
661 7566Nicolas Bornozis globus@capitallink.com
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