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0.0194805194805194 0.0129870129870131 0.0129870129870131 0.0129870129870131 -0.00216450216450212 0 0.010822510822511 0.010822510822511
Stock impact report

Top Ships Inc. Announces Sale of Newbuilding Mega Yacht [Yahoo! Finance]

TOP Ships, Inc. (TOPS) 
US:NASDAQ Investor Relations: topships.org/investors-relations
Company Research Source: Yahoo! Finance
operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it has entered into a sale agreement (the “SPA”) for the sale to Rubico Inc. of a vessel-owning company (the “Owner”) which is party to a shipbuilding contract for a newbuilding mega yacht, the M/Y Sanlorenzo 1150Exp, with expected delivery from the shipyard in the second quarter of 2027 for a purchase price of $38.0 million. Consummation of the purchase and sale of the Owner's shares under the SPA is expected to take place no later than March 31, 2026. A special independent committee composed of independent members of the Company's board of directors negotiated and approved the sale, after obtaining a fairness opinion from an independent financial advisor. About the Company TOP Ships Inc. is an international owner and operator of ocean-going vessels focusing on modern, fuel-efficient eco tanker vessels transporting crude oil, petroleum products (clean and dirty) and bulk liquid chemicals. For more infor Show less Read more
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