Navios completes previously announced reverse split
Published by Stephanie Roker,
Editor
Dry Bulk,
Navios Maritime Partners L.P., an international owner and operator of dry cargo vessels, has announced that the previously disclosed one-for-fifteen reverse split of its common units is completed, effective before the market opens on 21 May 2019.
Based on approximately 164.7 million common units currently issued and outstanding, following the reverse split, the company expects it will have approximately 11 million common units issued and outstanding.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/22052019/navios-completes-previously-announced-reverse-split/
You might also like
INTERCARGO convenes maritime industry to advance common approach to dry bulk STS transfers
INTERCARGO brought shipowners, charterers, insurers and service providers together in Athens on 31 March to tackle a growing issue in dry bulk shipping: how ship-to-ship (STS) transfers are actually carried out.