Castor Maritime Inc

Castor Maritime, Inc. engages in the provision of shipping transportation services It operates through the following segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. The Dry Bulk segment transport dry cargo commodities. The Aframax/LR2 Tanker segment handles the transport of crude oil. The Handysize Tanker segment carries oil products. The company was founded by Petros Panagiotidis on September 12, 2017 and is headquartered in Limassol, Cyprus.

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Castor Maritime, Inc. engages in the provision of shipping transportation services It operates through the following segments: Dry Bulk and Containership segment. The Dry Bulk segment provides dry bulk commodities transportation services. The Containership segment provides cargo transportation services. The company was founded by Petros Panagiotidis on September 12, 2017 and is headquartered in Limassol, Cyprus.

The stock price of Castor Maritime Inc (NASDAQ: CTRM) has increased by over 2%. This is why it happened.

CTRM Stock Price Increases Over 2% Pre-Market: Why It Happened

LIMASSOL, Cyprus, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces the closing, through two of its ship-owning subsidiaries, of a $15.3 million senior term loan facility with a reputable European financial institution (“the $15.3 Million Financing”), secured by two of its vessels. The loan is expected to be drawn down before the end of this month. The Company intends to use the net proceeds from the $15.3 Million Financing to support the Company's growth plans.

Castor Maritime Inc. Announces $15.3 Million Debt Financing

Castor Maritime (CTRM) stock is on the rise Tuesday as the company completes a direct offering of its shares to institutional investors. The post CTRM Stock Alert: 12 Things to Know About Castor Maritime as Shares Soar appeared first on InvestorPlace.

CTRM Stock Alert: 12 Things to Know About Castor Maritime as Shares Soar

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.

Castor Maritime Inc. Announces Pricing of $26.0 Million Registered Direct Offering

LIMASSOL, Cyprus, Dec. 31, 2020 (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 94.8 million of its common shares and warrants to purchase up to an aggregate of 94.8 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.

Castor Maritime Inc. Announces Pricing of $18.0 Million Registered Direct Offering

LIMASSOL, Cyprus, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today the receipt of a notification letter from the Nasdaq Stock Market ("Nasdaq") granting the Company an additional 180-day extension, or until June 28, 2021, to regain compliance with Nasdaq's minimum bid price requirement (the “Second Compliance Period”).

Castor Maritime Inc. Receives 180-day Extension from Nasdaq to Meet Nasdaq Minimum Bid Price Rule; Announces entry into binding commitment letter for financing of two dry bulk carriers

LIMASSOL, Cyprus, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today that the Company's Annual Meeting of Shareholders (the “Meeting”) was duly held on November 25, 2020 at 9:00 a.m., local time, at the offices of Seward & Kissel LLP, One Battery Park Plaza, New York, New York 10004.

Castor Maritime Inc. Announces Results of its 2020 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today that, due to recently imposed restrictions in Cyprus related to the COVID-19 pandemic, the Company's 2020 Annual General Meeting of Shareholders (the "Meeting"), originally scheduled to be held on November 19, 2020 at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus, will be adjourned and reconvened on November 25, 2020 at 9:00 a.m., local time, at the offices of Seward & Kissel LLP, One Battery Park Plaza, New York, New York 10004. The previously announced record date of October 16, 2020 (the "Record Date") remains unchanged. These changes have been made out of an abundance of caution and are intended to support the health and well-being of the Company's shareholders. Shareholders of record as of the Record Date may still attend the Meeting and revoke their proxy at any time before it is voted; however, the Company strongly encourages shareholders to consider safety first over attending the Meeting in person. Shareholders who attend the Meeting in person may be subject to health screening and safety procedures consistent with practices advised by governmental authorities in New York City and the State of New York.

Castor Maritime Inc. Announces Change to the Location and Date of its 2020 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced its results for the three months and nine months ended September 30, 2020.

UPDATE - Castor Maritime Inc. Reports Financial Results for the Three Months and Nine Months Ended September 30, 2020

Castor Maritime Inc. Reports Financial Results for the Three Months and Nine Months Ended September 30, 2020

LIMASSOL, Cyprus, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today that its Board of Directors (the "Board") has scheduled the Company's 2020 Annual General Meeting of Shareholders (the "Meeting") to be held on November 19, 2020 at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of October 16, 2020 (the "Record Date") for the determination of the shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

Castor Maritime Inc. Announces the Date of its 2020 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today that on October 15, 2020 it took delivery of the 2010 Japan-built Panamax dry bulk vessel it had previously agreed to acquire as announced on October 1, 2020, the M/V Magic Nova (the “Magic Nova Acquisition”). The Magic Nova Acquisition was financed in whole with cash on hand that the Company raised in the two equity offerings conducted in June and July of this year.

Castor Maritime Inc. Announces Delivery of the M/V Magic Nova and New Charter Agreement

LIMASSOL, Cyprus, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announces today that on October 9, 2020 it took delivery of the 2010 Japan-built Panamax dry bulk vessel it had previously agreed to acquire as announced on July 29, 2020, the M/V Magic Horizon (the “Magic Horizon Acquisition”). The Magic Horizon Acquisition was financed in whole with cash on hand that the Company raised in the two equity offerings that it conducted in June and July of this year.

Castor Maritime Inc. Announces Delivery of the M/V Magic Horizon

LIMASSOL, Cyprus, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that in connection with its previously announced acquisition of a 2010 Japan-built Panamax dry bulk carrier vessel (to be renamed Magic Horizon), the Company has secured employment for the subject vessel by entering into a new charter party contract with an expected term of between ten (10) to fourteen (14) months at a daily gross hire rate of $11,000. The new charter party is expected to commence a few days following the delivery of the vessel to the Company, which is expected to take place by mid-October 2020.

Castor Maritime Inc. Announces New Charter Agreement for Its Recently Acquired Vessel & Fleet Commercial Update

LIMASSOL, Cyprus, Sept.  11, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced its results for the three months and six months ended June 30, 2020. 

Castor Maritime Inc. Reports Financial Results for the Three Months and Six Months Ended June 30, 2020

LIMASSOL, Cyprus, Aug.  14, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that, in connection with a previously announced acquisition of a 2007 Chinese-built Panamax dry bulk carrier from an unaffiliated third party seller, it has taken delivery, through one of its wholly-owned subsidiaries, on August 8, 2020, of the M/V Magic Rainbow (the “Magic Rainbow Acquisition”). The Magic Rainbow Acquisition was financed in whole with cash on hand that the Company raised in two equity offerings that it conducted in June and July of this year.

Castor Maritime Inc. Announces Delivery of the M/V Magic Rainbow and Commercial Update

LIMASSOL, Cyprus, July  15, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announced today the closing of its previously announced registered direct offering of 57,750,000 of its common shares (the “Common Shares”) and warrants to purchase Common Shares in a concurrent private placement.

Castor Maritime Inc. Announces Closing of $17.3 Million Registered Direct Offering

LIMASSOL, Cyprus, July  13, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announced today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 57,750,000 of its common shares (the “Common Shares”) in a registered direct offering and warrants to purchase Common Shares in a concurrent private placement. 

Castor Maritime Inc. Announces Pricing of $17.3 Million Registered Direct Offering

LIMASSOL, Cyprus, June  26, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announced today the closing of an upsized underwritten public offering of 51,400,000 units at a price of $0.35 per unit. Each unit consisted of one common share (or prefunded warrant in lieu thereof) and one Class A warrant to purchase one common share, and immediately separated upon issuance. In addition, the Company granted to Maxim Group LLC a 30-day option to purchase up to an additional 7,710,000 common shares (or prefunded warrants in lieu thereof) and/or up to 7,710,000 Class A warrants, at the public offering price less discounts and commissions, of which Maxim Group LLC has fully exercised its option to purchase 7,710,000 common shares and 7,710,000 Class A warrants. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses and including full exercise of the overallotment option, were approximately $20.7 million.

Castor Maritime Inc. Announces Closing of Upsized $20.7 Million Underwritten Public Offering Including Full Exercise of Overallotment Option

Castor Maritime Inc (NASDAQ: CTRM) shares were trading lower Wednesday after the company priced an $18-million public offering.

Why Castor Maritime's Stock Is Trading Lower Today

LIMASSOL, Cyprus, June  23, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (the “Company”) (NASDAQ: CTRM) announced today the pricing of an upsized underwritten public offering of 51,400,000 units at a price of $0.35 per unit. Each unit consists of one common share (or prefunded warrant in lieu thereof) and one Class A warrant to purchase one common share, and will immediately separate upon issuance. The gross proceeds of the offering to the Company, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $18.0 million. The Company intends to use the net proceeds of the offering for capital expenditures, working capital, to make vessel or other asset acquisitions or for other general corporate purposes, or a combination thereof.

Castor Maritime Inc. Announces Pricing of Upsized $18.0 Million Underwritten Public Offering

LIMASSOL, Cyprus, June  02, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced its results for the three months ended March 31, 2020. 

Castor Maritime Inc. Reports Financial Results for the Three Months Ended March 31, 2020

LIMASSOL, Cyprus, March  26, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced today that the Magic P, its 76,453 dwt Panamax dry bulk vessel built in 2004, completed its scheduled dry-docking and special survey on March 21, 2020. On March 22, 2020, the vessel commenced employment under a new charter contract with an approximate duration of 90 to 105 days at a gross charter hire rate of $7,000 per day.

CASTOR MARITIME INC. ANNOUNCES FLEET COMMERCIAL UPDATE

LIMASSOL, Cyprus, Jan.  27, 2020  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has successfully entered into two agreements: (i) a secured term loan financing agreement and (ii) a non-brokered private placement of unsecured convertible debentures.  The secured term loan facility and the convertible debentures are subject to normal closing conditions.

Castor Announces Financing Agreements

LIMASSOL, Cyprus, Nov.  25, 2019  (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the closing, through two of its ship-owning subsidiaries, of a $11.0 million secured term loan facility with Alpha Bank S.A. (“the Alpha Bank Financing”). The loan is expected to be drawn down before the end of 2019. The Company intends to use the net proceeds from the Alpha Bank Financing to retire its $7.5 million existing shareholder bridge loan and to fund its ongoing plans for growth.

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