Proceeds to be used for vessels acquisitions and capital expenditures
By Devika Patel
Knoxville, Tenn., May 1- StealthGas Inc. said on Wednesday that it plans to conduct a $47 million registered offering of stock.
The company will sell 4,476,195 common shares at $10.50 per share. The price per share is a 4.2% discount to the April 29 closing share price of $10.96.
Global Hunter Securities, LLC is the underwriter.
Proceeds will be used for vessels acquisitions, capital expenditures and other general corporate purposes.
The company owns a fleet of liquefied petroleum gas carriers and is based in Athens, Greece.
| Issuer: | StealthGas Inc.
|
| Issue: | Common stock
|
| Amount: | $47 million
|
| Shares: | 4,476,195
|
| Price: | $10.50
|
| Warrants: | No
|
| Underwriter: | Global Hunter Securities, LLC
|
| Pricing date: | April 30
|
| Stock symbol: | Nasdaq: GASS
|
| Stock price: | $10.96 at close April 29
|
| Market capitalization: | $345.87 million
|
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