Castor Maritime Inc. Announces the Sales of the M/V Magic Nova and the M/V Magic Horizon for an Aggregate Price of $31.9 Million with an Aggregate Expected Net Gain of $9.0 Million [Yahoo!...
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: Yahoo! Finance
company, announces that on January 19, 2024, the Company entered into separate agreements with entities beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of (i) the M/V Magic Nova , a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million and (ii) the M/V Magic Horizon , a 2010-built Panamax bulk carrier vessel, for a price of $15.8 million. The terms of the transactions were negotiated and approved by a special committee of our disinterested and independent directors. Both vessels are expected to be delivered to their new owners by the end of the first quarter of 2024. The Company expects to record during the first quarter of 2024 (i) a net gain of approximately $4.4 million from the sale of the M/V Magic Nova , excluding any transaction-related costs and (ii) a net gain of $4.6 million from the sale of M/V Magic Horizon , excluding any transaction related costs. About Castor Maritime Inc. Casto
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News
- 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
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