TOP Ships Announces Letter of Intent for Acquisition of Real Estate Assets in Dubai
TOP Ships, Inc. (TOPS)
US:NASDAQ Investor Relations:
topships.org/investors-relations
Company Research
Source: GlobeNewswire
ATHENS, Greece, Nov. 28, 2025 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American:TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it has entered into a letter of intent for the potential acquisition of certain residential real estate assets in Dubai from a company affiliated with Mr. Evangelos J. Pistiolis, the Company’s President and Chief Executive Officer. Under the letter of intent, TOP Ships has been granted an exclusive right and an option to acquire all or a portion of a portfolio of assets with an estimated aggregate market value in excess of $200 million. In the Company’s view, Dubai is one of the world’s most attractive real estate markets, supported by strong global investor confidence, transparent regulations, and a resilient, high-growth economy. The purchase price on exercise of the option with respect to any of the properties will be at a 10% discount to fair market value as
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News
- Rubico Inc. Announces Letter of Intent for Acquisition of Newbuilding Mega Yacht [Yahoo! Finance]Yahoo! Finance
- TOP Ships Announces Letter of Intent for Acquisition of Real Estate Assets in Dubai [Yahoo! Finance]Yahoo! Finance
- Top Ships Inc. announces extension of Time Charter for its MR Tanker [Yahoo! Finance]Yahoo! Finance
- Top Ships Inc. announces extension of Time Charter for its MR TankerGlobeNewswire
- Top Ships Inc. Announces Successful Completion of its Tanker Fleet RefinancingGlobeNewswire
TOPS
Sec Filings
- 11/28/25 - Form 6-K
- 11/20/25 - Form 6-K
- 11/17/25 - Form 6-K
- TOPS's page on the SEC website