- TOP Ships (NASDAQ:TOPS) has announced termination of an "at-the-market" equity offering program.
- It issued a notice to terminate the equity distribution agreement for the sale of its common shares up to an aggregate amount of $19.7M with Maxim Group.
- The company will make no further sales under the program. Net proceeds from sales under the program amounted to ~$2M.
- TOPS shares were down 11% shortly before 12.30PM ET
TOP Ships stock dips on termination of ATM equity program
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About TOPS Stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| TOPS | - | - |
| Top Ships Inc. | ||