United Completes Stock Buyback of $3 million and Initiates Additional $3 million Stock Buyback Plan
United Maritime Corporation (USEA)
Company Research
Source: GlobeNewswire
GLYFADA, Greece, Sept. 22, 2022 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it has completed the buyback of approximately 1.86 million shares, representing approximately 20% of the Company’s outstanding common shares, at an average price of $1.6095, fully utilizing its previously announced share buyback plan. In addition, the Company’s Board of Directors has authorized an additional share buyback plan (the “Plan”), where it may repurchase up to an additional $3 million of its outstanding common shares in the open market. This Plan represents up to an additional 26% of United’s market capitalization as of September 21, 2022. Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated: “We are pleased to announce the successful completion of our initial buyback plan, which has been highly accretive to our net asset value and cash flow per share for our shareholders. “Considering the attractive va
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USEA
News
- 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
- United Maritime Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2023 and Declares Cash Dividend of $0.075 Per ShareGlobeNewswire
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