Castor Maritime Inc. Announces Pricing of $26.0 Million Registered Direct Offering
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: GlobeNewswire
LIMASSOL, Cyprus, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 137.0 million of its common shares and warrants to purchase up to an aggregate of 137.0 million common shares at a purchase price of $0.19 per common share and accompanying warrant in a registered direct offering. The warrants will have an exercise price of $0.19 per share, are exercisable immediately and will expire five 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 $26.0 million before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or around January 12, 2021, subject to the satisfaction of customary closing conditions.
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CTRM
Sec Filings
- 3/22/24 - Form 6-K
- 2/29/24 - Form 20-F
- 2/22/24 - Form 6-K
- CTRM's page on the SEC website