TOP Ships Announces Closing of $13.5 Million Public Offering

December 6, 2022

https://www.globenewswire.com/news-release/2022/12/06/2568845/14465/en/TOP-Ships-Announces-Closing-of-13-5-Million-Public-Offering.html

ATHENS, Greece, Dec. 06, 2022 (GLOBE NEWSWIRE) — TOP Ships Inc. (NASDAQ:TOPS) (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today the closing of its previously announced public offering of 6,750,000 units at a price of $2.00 per unit. Each unit consisted of one common share and one Class C warrant to purchase one common share, which were immediately separated upon issuance. The gross proceeds of the offering to the Company, before discounts and commissions and estimated offering expenses, were approximately $13.5 million.

Read more at globenewswire.com

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