Castor Maritime Inc. Announces the Sale of the M/V Magic Nebula for a Price of $16.2 Million with an Expected Net Gain of $2.5 Million
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: GlobeNewswire
LIMASSOL, Cyprus, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on February 15, 2024, the Company entered into an agreement with an entity beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of the M/V Magic Nebula, a 2010-built Kamsarmax bulk carrier vessel, for a price of $16.2 million. The terms of the transaction were negotiated and approved by a special committee of our disinterested and independent directors. The vessel is expected to be delivered to its new owner during the second quarter of 2024. The Company expects to record during the second quarter of 2024 a net gain of approximately $2.5 million from the sale of the M/V Magic Nebula excluding any transaction-related costs. About Castor Maritime Inc. Castor Maritime Inc. is an international provider of shipping transportation services through it
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- Castor Maritime Inc. Announces Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021GlobeNewswire
- Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Nebula [Yahoo! Finance]Yahoo! Finance
- Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic NebulaGlobeNewswire
- Castor Maritime Inc. Announces Compliance with Nasdaq Minimum Bid Price RequirementGlobeNewswire
- Castor Maritime Inc. Announces Reverse Stock Split to be Effective March 27, 2024GlobeNewswire
CTRM
Sec Filings
- 4/22/24 - Form SC
- 4/22/24 - Form 6-K
- 4/22/24 - Form SC
- CTRM's page on the SEC website