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S.Crawford2012
01/10/2021 11:54
$Castor Maritime Inc Good morning! I wanted to share this article as it does give the time line on when the offering closes.
according to this article it's the 12th.
so see picture attached, very encouraging.
Castor Maritime Inc. Announces Pricing of $26.0 Million Registered Direct Offering
Castor Maritime Inc.
January 8, 2021, 9:00 am
LIMASSOL, Cyprus, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 137.0 million of its common shares and warrants to purchase up to an aggregate of 137.0 million common shares at a purchase price of $0.19 per common share and accompanying warrant in a registered direct offering. The warrants will have an exercise price of $0.19 per share, are exercisable immediately and will expire five years following the date of issuance.
Maxim Group LLC is acting as sole placement agent for the offering.
The gross proceeds to the Company from the offering are estimated to be approximately $26.0 million before deducting the placement agent’s fees and other estimated offering expenses. 👉👉👉The offering is expected to close on or around January 12, 2021, subject to the satisfaction of customary closing conditions👈👈👈
according to this article it's the 12th.
so see picture attached, very encouraging.
Castor Maritime Inc. Announces Pricing of $26.0 Million Registered Direct Offering
Castor Maritime Inc.
January 8, 2021, 9:00 am
LIMASSOL, Cyprus, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 137.0 million of its common shares and warrants to purchase up to an aggregate of 137.0 million common shares at a purchase price of $0.19 per common share and accompanying warrant in a registered direct offering. The warrants will have an exercise price of $0.19 per share, are exercisable immediately and will expire five years following the date of issuance.
Maxim Group LLC is acting as sole placement agent for the offering.
The gross proceeds to the Company from the offering are estimated to be approximately $26.0 million before deducting the placement agent’s fees and other estimated offering expenses. 👉👉👉The offering is expected to close on or around January 12, 2021, subject to the satisfaction of customary closing conditions👈👈👈
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All Comments(6)
fletchlove01/10/2021 16:54lots of good things coming. 44 million from direct offering, 15 million loan from EU, shipping rates exploding first week of 2021 (panamax ships, in particular leading the dates) and two new vessel purchases currently in the works.
S.Crawford201201/10/2021 16:56
I agree thank you for sharing.
cei***com01/10/2021 16:16I would like to thank you for your post where you said. " I was thanking about what to say to someone I really care about" then you went on to talk about bngo that it is a stock worth holding. you seem to me to be a honest and knowledgeable man thank again. rockie
A. Brache 01/10/2021 16:04I just began following you. Thank you for this
MonkeyBoy01/10/2021 14:23Please read the entire article not juat a screen snippet!
Mr 5%01/10/2021 13:56Link to the price target Article 👀
S.Crawford2012
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