Top Ships Inc. Enters Into Warrant Exercise Transaction for $4.8 Million in Gross Proceeds

October 10, 2022

https://www.globenewswire.com/news-release/2022/10/10/2531307/14465/en/Top-Ships-Inc-Enters-Into-Warrant-Exercise-Transaction-for-4-8-Million-in-Gross-Proceeds.html

ATHENS, Greece, Oct. 10, 2022 (GLOBE NEWSWIRE) — TOP Ships Inc. (Nasdaq:TOPS) (the “Company”) announced today that it has entered into an agreement with an accredited investor that is an existing holder of warrants to purchase an aggregate of 715,150 of the Company’s common shares for cash (the “Existing Warrants”), wherein the investor agreed to exercise all of the Existing Warrants at an exercise price reduced from $10.00 per share to $6.75 per share. The Existing Warrants were previously issued in a registered direct offering which closed in June 2022.

Read more at globenewswire.com

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