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Stock impact report

TOP Ships Inc. Announces Pricing of Approximately $10 Million Underwritten Public Offering

TOP Ships, Inc (TOPS)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: topships.org/investors-relations
PDF ATHENS, Greece, Sept. 11, 2019 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”) (NASDAQ:TOPS) announces the pricing of an underwritten public offering of 1,580,000 common shares (or pre-funded warrants to purchase common shares in lieu thereof) and warrants to purchase up to 1,580,000 of the Company’s common shares. Each common share is being sold together with one warrant to purchase one common share at a combined price to the public of $6.30 per share and warrant. The common shares or pre-funded warrants and the accompanying warrants can only be purchased together in this offering, but will be issued separately and will be immediately separable upon issuance. Gross proceeds, before underwriting discounts and commissions and estimated offering expenses, are expected to be $9.95 million. The warrants will be immediately exercisable at a price of $8.19 per common share and will expire on December 31, 2019. There is not expected to be any trading market established for the wa [Read more]
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