Top Ships: Slides after pricing stock offering at discount

TOP Ships

15/06/2020 14:29

** Tanker operator's shares  TOPS.O  down 10.6% at 14 cents
premarket
    ** Co prices offering of aggregate of 60 mln common shares
at $0.13 per share, a discount of 18.7% to stock's last close
 urn:newsml:reuters.com:*:nGNXbTDqy9
    ** Co will raise gross proceeds of $7.8 mln from offering,
which is expected to close on or about June 17
    ** Maxim Group LLC is the sole placement agent for the
offering
    ** Stock down 80.3% this year, as of last close 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))