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United Maritime looks to raise $26m

United Maritime Corporation, a spinoff of New York-listed capesize pure-play Seanergy Maritime, has initiated a capital raising exercise, looking to gain $26m via a public offering of 8m shares priced at $3.25 per unit. Each unit consists of one common share and one Class A warrant to purchase one common share, and will immediately separate upon issuance.

NASDAQ-listed United Maritime has had a busy July bolstering its fleet which now consists of one cape and four tankers.

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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