DryShips raises cash in direct offering
Published by Jonathan Rowland,
Editor
Dry Bulk,
DryShips has raised US$100 million in a direct offering of newly designated Series E-1 and E-2 convertible preferred shares and warrants, the company said in a recent press release.
The company, which owns dry bulk carriers and offshore support vessels, announced the offering in November. After completion, the company has about 33.8 million common shares outstanding.
The Nasdaq-listed Athens-based company owns a fleet of 13 panamax dry bulk carriers with a combined DWT of about 1 million t. It also owns six offshore supply vessels.
Read the article online at: https://www.drybulkmagazine.com/shipping/13122016/dryships-raises-cash-in-direct-offering/
You might also like
Eastern Pacific Shipping and Avikus sign retrofit contract for AI-based autonomous navigation solution
The agreement will see Avikus’ HiNAS Control, SVM and HiNAS Cloud systems deployed on two EPS-managed vessels – a bulk carrier and a suezmax tanker.