Seanergy Maritime (NASDAQ: SHIP) shares are down premarket after the company signed a deal with certain unaffiliated institutional investors to purchase approximately 44,150,000 of its common shares for $1.70 per share.
The common share offering will generate aggregate proceeds of $75 million priced at-the-market.
“The pricing of our offering will underpin our strategic aims of sustainable fleet growth and continued balance sheet deleveraging,” said Stamatis, Seanergy’s Chairman and CEO.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
“The proceeds of this highly accretive transaction shall further enhance our liquidity allowing us to pursue potential additional acquisitions at what we believe to be favorable timing in the market cycle,” added Tsantanis.
Maxim Group LLC is acting as the sole placement agent for the offering with the closing date expected to be on or around the 19th of February.
On Tuesday the international shipping company also announced that it has agreed on a deal with an unaffiliated third party to purchase its 12th Capesize vessel that is expected to be delivered towards the end of the first quarter.
Seanergy’s shares are down over 22.5% premarket at $1.75 after gaining 12% in Tuesday’s session.
