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Seanergy announces pricing for share offering

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Dry Bulk,


Nasdaq-listed dry bulk shipping company, Seanergy, has announced a public offering to raise cash for debt repayment and vessel acquisition, the company said in a press release.

The 10 million new common shares and class A warrants will be offered at a price of US$1.5 per share. After deducting the underwriting discount and offering expenses, the company expects to raise US$13.38 million.

Maxim Group is acting as sole manager for the offering and has been granted a 45-day option to buy up to an additional 1.5 million common shares and/or 1.5 million class A warrants to cover over-allotments.

Seanergy Maritime Holdings is an international provider of marine dry bulk shipping services. Following the delivery of an addition capsize vessel this month, the Athens-based company will own ten dry bulk carriers, comprising eight capsizes and two supramaxes.

Read the article online at: https://www.drybulkmagazine.com/shipping/12122016/seanergy-announces-pricing-for-share-offering/

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Dry cargo shipping news