share_log

TOP Ships Announces Termination Of At The Market Equity Offering Program Of $19.7M; Net Proceeds From Sales Under The ATM Amounted To ~$2.0M; Shares Were Halted On Circuit Breaker

Benzinga Real-time News ·  Oct 6, 2022 12:08

ATHENS, Greece, Oct. 06, 2022 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the "Company"), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced that it has given notice to terminate the equity distribution agreement for the sale of the Company's common shares up to an aggregate amount of $19.7 million (the "Agreement") with Maxim Group LLC in an "at-the-market" equity offering program (the "ATM"). The Company will make no further sales under the ATM. Net proceeds from sales under the ATM amounted to approximately $2.0 million.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment