Seanergy Maritime to Raise Funds for Vessel Acquisitions

Image Courtesy: Seanergy Maritime

Greek dry bulk shipping firm Seanergy Maritime Holdings Corp. has announced the pricing for its USD 15 million public offering, saying that it will used the net proceeds vessel acquisitions, debt repayment and general corporate purposes.

The net proceeds of the offering are expected to be used for debt repayment, vessel acquisitions in accordance with the Company’s growth strategy and general corporate purposes.

The public offering consists of 10 million common shares and class A warrants at a combined price to the public of USD 1.50 per common share and class A warrant.

Seanergy Maritime Holdings, The net proceeds of the offering are expected to be used for debt repayment, vessel acquisitions in accordance with the Company’s growth strategy and general corporate purposes.

The offering is expected to close on or about December 13, 2016. The company estimates that the net proceeds from the offering, after deducting the underwriting discount and offering expenses, will be around USD 13.38 million.

Maxim Group LLC is acting as sole manager for the offering. The company has granted Maxim Group LLC a 45-day option to purchase up to an additional 1.5 million common shares and/or 1.5 million class A warrants to cover over-allotments, if any.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2017 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Shipping2030 Asia

This year Shipping2030 Asia will take place with Global Liner Shipping conference, offering attendees unique access to networking with the container shipping industry…

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >