United Announces $3 million Share Buyback Plan
United Maritime Corporation (USEA)
Company Research
Source: GlobeNewswire
GLYFADA, Greece, Sept. 02, 2022 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that the Board of Directors has authorized a share repurchase plan (the “Plan”). Under the Plan, the Company may repurchase up to $3 million of its outstanding common shares in the open market, representing approximately up to 26% of the Company’s market capitalization as of September 1, 2022. Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “We believe that the share price of United is significantly undervalued considering the solid vessel valuation and earnings environment of the tanker sector. “We aim to enhance stockholder value by using our strong cash reserves and the fleet’s robust cash-flow generating capacity. We will continue to examine all strategic alternatives and to invest opportunistically, including through buybacks under appropriate conditions.” The Plan The Company may repurchase common shar
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USEA
News
- United Maritime (NASDAQ:USEA) investors are sitting on a loss of 0.9% if they invested a year ago [Yahoo! Finance]Yahoo! Finance
- Seanergy Maritime (NASDAQ: SHIP) And United Maritime (NASDAQ: USEA) Provide Financial Update To Shareholders [Yahoo! Finance]Yahoo! Finance
- United Maritime Announces Availability of its 2023 Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- United Maritime Announces Availability of its 2023 Annual Report on Form 20-FGlobeNewswire
- United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per Share [Yahoo! Finance]Yahoo! Finance
USEA
Sec Filings
- 4/2/24 - Form 20-F
- 4/1/24 - Form POS
- 2/23/24 - Form 424B3
- USEA's page on the SEC website