Seanergy Maritime Holdings Corp. Announces Full Exercise and Closing of Over-Allotment Option
April 14 2020 - 1:47PM
Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP)
announced today that the underwriters exercised in full their
over-allotment option to purchase an additional 5,293,500 units at
a price of $0.17 per unit in connection with the public offering
previously announced on March 31, 2020. With the full exercise of
the over-allotment option, the Company received in connection with
such public offering total gross proceeds of approximately $6.9
million.
The closing of the over-allotment was
successfully completed today concurrently with the closing of the
registered direct offering of 50 million common shares announced on
April 9, 2020 pursuant to which the Company received approximately
$6.8 million in gross proceeds.
The total gross proceeds from the aforementioned
offerings were approximately $13.7 million, and as of today, the
Company has 119,983,439 common shares outstanding.
Maxim Group LLC acted as sole book-running
manager and sole placement agent for the public offering and
registered direct offering respectively.
About Seanergy Maritime Holdings
Corp.
Seanergy Maritime Holdings Corp. is the only
pure-play Capesize ship-owner publicly listed in the US. Seanergy
provides marine dry bulk transportation services through a modern
fleet of 10 Capesize vessels, with a cargo-carrying capacity of
approximately 1,748,581 dwt and an average fleet age of
approximately 11 years. The Company is incorporated in the Marshall
Islands and has executive offices in Athens, Greece and an office
in Hong Kong. The Company's common shares trade on the Nasdaq
Capital Market under the symbol “SHIP”, its Class A warrants under
“SHIPW” and its Class B warrants under “SHIPZ”. Please visit our
company website at: www.seanergymaritime.com
Forward-Looking Statements
This press release contains forward-looking
statements (as defined in Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended) concerning future events. Words such as "may",
"should", "expects", "intends", "plans", "believes", "anticipates",
"hopes", "estimates" and variations of such words and similar
expressions are intended to identify forward-looking statements.
These statements involve known and unknown risks and are based upon
a number of assumptions and estimates, which are inherently subject
to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ
materially from those expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially include, but are not limited to, the Company's operating
or financial results; the Company's liquidity, including its
ability to service its indebtedness; competitive factors in the
market in which the Company operates; shipping industry trends,
including charter rates, vessel values and factors affecting vessel
supply and demand; future, pending or recent acquisitions and
dispositions, business strategy, areas of possible expansion or
contraction, and expected capital spending or operating expenses;
risks associated with operations outside the United States; and
other factors listed from time to time in the Company's filings
with the SEC, including the Registration Statement the Prospectus
Supplement and its most recent annual report on Form 20-F. The
Company's filings can be obtained free of charge on the SEC's
website at www.sec.gov. Except to the extent required by law, the
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based
For further information please
contact:
Capital Link, Inc. Judit Csepregi 230 Park
Avenue Suite 1536 New York, NY 10169 Tel: (212) 661-7566 E-mail:
seanergy@capitallink.com
Seanergy Maritime (NASDAQ:SHIP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Seanergy Maritime (NASDAQ:SHIP)
Historical Stock Chart
From Sep 2023 to Sep 2024