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.