Why TOP Ships (TOPS) continues to fall Tuesday after hours
- Top Ships company shares drop over 10% and continue to drop during after hours Tuesday after the company priced 35M common shares at $0.186/share for aggregate gross proceeds of $6.5M.
- The common shares are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-234281) previously filed and declared effective by the United States Securities and Exchange Commission (“SEC”).
- Maxim Group LLC is the sole placement agent in connection with the offering.
- Closing date is April 29, 2020.
About Top Ships
TOP Ships Inc. (TOPS) is an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products.