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Seanergy to make $4.5m from share sale

Greece’s Seanergy Maritime Holdings Corp on Friday revealed it has entered into a securities purchase agreement with one institutional investor, pursuant to which the Company will sell 1,180,000 shares of common stock at a purchase price of $4.15 per share for gross proceeds of $4.9m in a registered direct offering. No warrants were issued to investors in the offering. The closing of the transaction is expected to occur by this Wednesday.

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

The net proceeds of this offering – expected to be $4.5m – are expected to be used by the dry bulk owner for general corporate purposes.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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