قالب وردپرس درنا توس
Home / Business / Castor Maritime Inc. Announces US$125 Million Registered Direct Offering Pricing

Castor Maritime Inc. Announces US$125 Million Registered Direct Offering Pricing



Limassol, Cyprus, April 5, 2021 (Global News)-Castor Maritime Inc. (hereinafter referred to as the “Company”) (NASDAQ: CTRM) today announced that it has invested in certain non-affiliated institutions Signed a securities purchase agreement to issue approximately 192.3 million common shares and warrants, purchase a total of 192.3 million common shares at a purchase price of US$0.65 per common share, and accompanying warrants (direct issuance) (“Offer”). The exercise price of the warrants is US$0.65 per share, which can be exercised immediately and expire five years from the date of issuance.

Maxim Group LLC acted as the exclusive placement agent for this offering.

Excluding the placement agent̵

7;s fees and other estimated issuance expenses, the company’s total revenue for this offering is estimated to be approximately US$125 million. The issuance is expected to be completed around April 7, 2021, provided that the customary closing conditions are met.

The company provides the above-mentioned securities in accordance with the shelf registration statement of the F-3ASR form (document number: 333-254977) (including the basic prospectus contained therein), and it will automatically take effect after submission to the American Stock Exchange. The Commission (“SEC”) will be issued on April 1, 2021. Such securities can only be issued through the supplement of the prospectus and the basic prospectus accompanying it. A supplement to the prospectus related to this offering and describing the terms of the offering will be submitted by the company to the United States Securities and Exchange Commission (SEC) and will be available on the United States Securities and Exchange Commission (SEC) website http://www.sec.gov. If possible, the supplement to the prospectus related to the offering and a copy of the basic prospectus can be obtained through the following methods: Contact: Maxim Group LLC, 2nd Floor, 405 Lexington Avenue, New York, New York, New York 10174, Tel: (212) 895-3500.

This press release does not constitute an offer or an offer of an offer or an offer of an offer, nor any offer in any state or jurisdiction, an offer or an offer before registration or qualification is made, an offer, or any securities that are to be agreed to be illegal. These securities are evaluated under the securities laws of any such state or jurisdiction.

About Castor Maritime Inc.

Castor Maritime Inc. is an international transportation service provider with ocean-going cargo ships.

On the basis of full delivery, Castor will have a fleet of 14 ships with a total capacity of 1.3 million dwt, including 1 Cape of Good Hope, 5 Kamsarmax and 6 Panamax dry bulk carriers and 2 Aframax LR2 tankers. When we quote information in the context of “full delivery”, we are referring to such information quoted after the successful completion of our most recent ship purchase.

For more information, please visit the company’s website www.castormaritime.com. The information on our website does not form part of this press release.

Cautionary statement regarding forward-looking statements

The matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protection for forward-looking statements to encourage companies to provide forward-looking information about their businesses. Forward-looking statements include statements related to plans, goals, objectives, strategies, future events or performance, as well as basic assumptions and other statements that are different from statements of historical facts. We hope to take advantage of the safe harbor provisions in the Private Securities Litigation Reform Act of 1995 and include this warning statement in the safe harbor regulations. “Believe”, “Expect”, “Plan”, “Estimate”, “Forecast”, “Project”, “Plan”, “Potential”, “Wish”, “May”, “Should”, “Expect”, “To be determined “And similar expressions indicate forward-looking statements. The forward-looking statements in this press release are based on various assumptions, many of which are based on further assumptions, including but not limited to our management’s review of historical operating trends, the data contained in our records and other data available from them. Third party. Although we believe that these assumptions are reasonable at the time of formulation, these assumptions are inherently affected by major uncertainties and unexpected events, which are difficult or impossible to predict and are beyond our control , But we cannot assure you that we will realize or fulfill these expectations, beliefs or beliefs. prediction. We assume no obligation to update any forward-looking statements due to new information, future events or other reasons. In addition to these important factors, we believe that other important factors that may cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk and tanker shipping market conditions, including charter rates and the fluctuating value of ships. Economic strength, stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk and tanker transportation industry (including our shipping market), changes in our operating expenses, including fuel prices, dry docking and insurance Expenses, changes in government rules and regulations or measures taken by regulatory agencies, pending or future lawsuits that may result in compensation, general political conditions at home and abroad, possible interruption of transportation routes due to accidents or political events, COVID- 19 The time and severity of the outbreak and its impact on public health threats. The outbreak and outbreak of other highly infectious diseases, and the expected suspension of the London Interbank Offered Rate after 2021. The impact on our debt interest rate with reference to the London Interbank Offered Rate, financing And refinancing and business growth, ship failures and shutdowns, potential risk or loss of derivative investment, potential conflicts of interest between our CEO, his family and other senior management personnel, and our planned completion of the acquisition transaction Ability. Please refer to our filing with the US Securities and Exchange Commission to discuss these and other risks and uncertainties more fully. The information stated in this article only represents the content as of the date of this article, and due to developments that occur after the date of this exchange, we do not undertake any intention or obligation to update any forward-looking statements.

contact details

For more information, please contact:
Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com

Media contact:
Kevin Karlis
Capital link
Email: castormaritime@capitallink.com


Source link