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.