Knight/DVB, Wunderlich Securities, Ladenburg Thalmann are underwriters
By Devika Patel
Knoxville, Tenn., June 29 - Globus Maritime Ltd. said it priced a public sale of stock. The deal is slated to raise $22 million through underwriters Knight/DVB, Wunderlich Securities and Ladenburg Thalmann & Co. Inc.
There is a $1 million greenshoe.
The company will sell 2.75 million common shares at $8.00 per share. The price per share is a 2.91% discount to $8.24, the June 28 closing share price.
Settlement is expected June 30.
Insiders may purchase up to 500,000 shares.
Proceeds will be used for a portion of the $30.3 million purchase price for a 2007-built Supramax dry bulk vessel and for general corporate and working capital purposes.
The dry bulk shipping company is based in Athens, Greece.
| Issuer: | Globus Maritime Ltd.
|
| Issue: | Common stock
|
| Amount: | $22 million
|
| Greenshoe: | $1 million
|
| Shares: | 2.75 million
|
| Price: | $8.00
|
| Warrants: | No
|
| Underwriters: | Knight/DVB, Wunderlich Securities and Ladenburg Thalmann & Co. Inc
|
| Pricing date: | June 29
|
| Settlement date: | June 30
|
| Stock symbol: | Nasdaq: GLBS
|
| Stock price: | $8.24 at close June 28
|
| Market capitalization: | $55.18 million
|
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