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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 โ€œCompanyโ€) (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 agentโ€™s fees and other estimated offering expenses. ๐Ÿ‘‰๐Ÿ‘‰๐Ÿ‘‰The offering is expected to close on or around January 12, 2021, subject to the satisfaction of customary closing conditions๐Ÿ‘ˆ๐Ÿ‘ˆ๐Ÿ‘ˆ
Castor Maritime Inc-0
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All Comments(6)

GlitterBlizzy01/10/2021 19:01
Wait im so confused. i thought that if the company failed to get the 26 mil, the stock was going to be delisted on the 12th of January. Was the company abe to get the 26 mil or not?

GlitterBlizzy01/10/2021 21:52

Okay, thank you for the clarification.

M****b9301/10/2021 19:54

It already received 35mil

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fletchlove01/10/2021 16:54
lots 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.

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cei***com01/10/2021 16:16
I 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

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A. Brache 01/10/2021 16:04
I just began following you. Thank you for this

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MonkeyBoy01/10/2021 14:23
Please read the entire article not juat a screen snippet!

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Mr 5%01/10/2021 13:56
Link to the price target Article ๐Ÿ‘€

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