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Top Ships Inc. Announces Compliance With NASDAQ Minimum Bid Price Requirement

Retrieved on: 
Tuesday, August 25, 2020
Finance, Economy of New York City, NASDAQ, Forward-looking statement, Tops Friendly Markets, Economy of the United States, Economy of New York state)

ATHENS, Greece, Aug. 25, 2020 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS) (the Company or TOPS), announced today that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).

Key Points: 
  • ATHENS, Greece, Aug. 25, 2020 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS) (the Company or TOPS), announced today that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2).
  • 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.
  • Matters discussed in this press release may constitute forward-looking statements within the meaning of the U.S. federal securities laws.
  • The words believe, anticipate, intends, estimate, forecast, project, plan, potential, may, should, expect pending and similar expressions identify forward-looking statements.

Global Ship Lease Announces Results of 2020 Annual Meeting of Shareholders

Retrieved on: 
Monday, August 24, 2020
Shipping, Maritime transport, Container ship, Transport, Water transport

LONDON, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the Company or GSL) today announced the election of three Term III Directors at the Companys Annual Meeting of Shareholders for 2020, held today in London.

Key Points: 
  • LONDON, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the Company or GSL) today announced the election of three Term III Directors at the Companys Annual Meeting of Shareholders for 2020, held today in London.
  • Additionally, the appointment of PricewaterhouseCoopers S.A. as the Companys independent public accounting firm for the fiscal year ending December 31, 2020 was ratified.
  • Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships.
  • Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies.

Top Ships Announces Adoption of Shareholder Friendly Measures and Purchase of Shares by CEO of the Company

Retrieved on: 
Thursday, August 20, 2020
Stock market, Corporate finance, Share repurchase, Stock, Repurchase agreement

(v) CEO and his affiliates will not sell any shares.

Key Points: 
  • (v) CEO and his affiliates will not sell any shares.
  • The Company believes that the above actions will significantly enhance the trading stability of its common shares during the next 12 months.
  • Finally, the Company announced that it is proceeding with implementing its previously announced stock repurchase plan.
  • The words believe, anticipate, intends, estimate, forecast, project, plan, potential, may, should, expect pending and similar expressions identify forward-looking statements.

Top Ships Announces Share Repurchase Program, Fleet Update and Estimate of Net Asset Value

Retrieved on: 
Monday, August 17, 2020
Ships, Tankers, Suezmax

ATHENS, Greece, Aug. 17, 2020 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NASDAQ: TOPS) (the Company) today announced a share repurchase program and fleet update.

Key Points: 
  • ATHENS, Greece, Aug. 17, 2020 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NASDAQ: TOPS) (the Company) today announced a share repurchase program and fleet update.
  • The Company is not obligated under the program to purchase any common shares.
  • As of August 17, 2020, our fleet consisted of ten 50,000 dwt product/chemical tankers, out of which 2 are owned 50%, and two 159,000 dwt suezmax tankers.
  • The words believe, anticipate, intends, estimate, forecast, project, plan, potential, may, should, expect pending and similar expressions identify forward-looking statements.

TOP Ships Announces Reverse Stock Split

Retrieved on: 
Friday, August 7, 2020
Financial markets, Stock market, Financial economics, Finance, Corporate finance, Equity securities, Reverse stock split, Stock split, Stock, Common stock, Par value, Share

The Companys shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Companys Annual Meeting of Shareholders held on May 29, 2020.

Key Points: 
  • The Companys shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Companys Annual Meeting of Shareholders held on May 29, 2020.
  • When the reverse stock split becomes effective, every 25 shares of the Companys issued and outstanding common stock will be automatically combined into one issued and outstanding share of common stock without any change in the par value per share or the total number of authorized shares.
  • No fractional shares will be issued in connection with the reverse split of the issued and outstanding common stock.
  • Shareholders shall be paid cash-in-lieu of a fractional shares that occur as a result of the reverse stock split.

Global Ship Lease Announces Second Quarter 2020 Earnings Release, Conference Call and Webcast

Retrieved on: 
Thursday, July 23, 2020
Shipping, Transport, Water transport, Maritime transport, Ship management, Container ship, Chartering, Ship

Enter the code 5976748 to access the audio replay.

Key Points: 
  • Enter the code 5976748 to access the audio replay.
  • The webcast will also be archived on the Companys website:
    Global Ship Leaseis a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships.
  • Incorporated in theMarshall Islands,Global Ship Leasecommenced operations inDecember 2007with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies.
  • Contracted revenue was$733.0 million, including options under charterers control and with latest redelivery date, representing a weighted average remaining term of 2.5 years.

Top Ships Inc. Announces Pricing of $20.0 Million Common Shares Registered Direct Offering

Retrieved on: 
Wednesday, June 24, 2020
Finance, Stock market, Financial economics, Financial markets, U.S. Securities and Exchange Commission, Security, Shelf registration, Registration statement, Equity securities, Private equity, Private investment in public equity, Red herring prospectus

Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 166,666,667 common shares at a public offering price of $0.12 per share (the Registered Offering).

Key Points: 
  • Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 166,666,667 common shares at a public offering price of $0.12 per share (the Registered Offering).
  • The aggregate gross proceeds of the Registered Offering is $20.0 million.
  • The Registered Offering is expected to close on or about June 26, 2020, subject to the satisfaction of customary closing conditions.
  • The common shares are being offered pursuant to a shelf registration statement on Form F-3 (File No.

Top Ships Inc. Announces Pricing of $7.8 Million Common Shares Registered Direct Offering

Retrieved on: 
Monday, June 15, 2020
Financial markets, Stock market, Finance, Financial economics, U.S. Securities and Exchange Commission, Security, Shelf registration, Registration statement, Placement, Equity securities, Private equity

Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 60,000,000 common shares at a public offering price of $0.13 per share (the Registered Offering).

Key Points: 
  • Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 60,000,000 common shares at a public offering price of $0.13 per share (the Registered Offering).
  • The aggregate gross proceeds of the Registered Offering is $7.8 million.
  • The Registered Offering is expected to close on or about June 17, 2020, subject to the satisfaction of customary closing conditions.
  • The common shares are being offered pursuant to a shelf registration statement on Form F-3 (File No.

TOP Ships Inc. Announces Pricing of $15.0 Million Common Shares Registered Direct Offering

Retrieved on: 
Thursday, June 11, 2020
Stock market, Finance, Financial economics, Financial markets, U.S. Securities and Exchange Commission, Security, Shelf registration, Registration statement, Equity securities, Private equity, Private investment in public equity

Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 117,187,500 common shares at a public offering price of $0.128 per share (the Registered Offering).

Key Points: 
  • Pursuant to the Placement Agency Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 117,187,500 common shares at a public offering price of $0.128 per share (the Registered Offering).
  • The aggregate gross proceeds of the Registered Offering is $15.0 million.
  • The Registered Offering is expected to close on or about June 12, 2020, subject to the satisfaction of customary closing conditions.
  • The common shares are being offered pursuant to a shelf registration statement on Form F-3 (File No.