TOP Ships

Top Ships, Inc. is an international owner and operator of tanker vessels. It focuses on the transportation of crude oil, petroleum products, and bulk liquid chemicals. The company was founded by Evangelos J. Pistiolis on January 10, 2000 and is headquartered in Maroussi, Greece.

ATHENS, Greece, March  31, 2020  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”) (NASDAQ:TOPS) announced today that it has entered into a placement agent agreement with Maxim Group LLC relating to the sale of the Company’s securities (the “Placement Agent Agreement”).  Pursuant to the Placement Agent Agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 40,000,000 common shares at a public offering price of $0.20 per share in a registered direct offering priced at-the-market under Nasdaq rules (the “Registered Offering”). The aggregate gross proceeds of the Registered Offering is $8.0 million. The Registered Offering is expected to close on or about April 1, 2020, subject to the satisfaction of customary closing conditions.

TOP SHIPS INC. ANNOUNCES PRICING OF $8.0 MILLION REGISTERED DIRECT OFFERING PRICED AT THE MARKET

ATHENS, Greece, March  30, 2020  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its 50% subsidiary, City of Athens Pte., concluded the previously announced sale of its 100% owned vessel, M/T Holmby Hills, and that the cash release to the Company amounts to $10.2 million.

TOP SHIPS INC. ANNOUNCES COMPLETION OF ATM ON MARCH 27, 2020 AND CONCLUSION OF SALE OF ONE OF ITS 50% OWNED VESSELS

ATHENS, Greece, March  23, 2020  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its previously announced sale of the M/T Eco Palm Desert was concluded. The vessel was delivered to its new owner, an unaffiliated third party, and the respective loans for which the vessel was a collateral for were fully prepaid.

TOP SHIPS INC. ANNOUNCES COMPLETION OF SALE OF M/T ECO PALM DESERT

ATHENS, Greece, Feb.  25, 2020  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its previously announced sale of the M/T Stenaweco Elegance was concluded. The vessel was delivered to its new owner, an unaffiliated third party, and the respective loans for which the vessel was a collateral for were fully prepaid.

Top Ships Inc. Announces Completion of Sale of M/T Stenaweco Elegance

ATHENS, Greece, Feb.  21, 2020  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its 50% subsidiaries which own M/T Holmby Hills and M/T Palm Springs entered into agreements to sell both vessels to unaffiliated third parties. The vessel sales are subject to customary closing conditions and are anticipated to be concluded during March 2020.

TOP Ships Inc. Announces Agreement to Sell Its 50% Owned Vessels

ATHENS, Greece, Feb.  10, 2020  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it took delivery of the 50,000 dwt scrubber fitted newbuilding product/chemical tanker M/T Eco Los Angeles, constructed at the Hyundai Mipo shipyard in South Korea.

Top Ships Inc. Announces Delivery of M/T Eco Los Angeles

ATHENS, Greece, Feb.  06, 2020  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has entered into agreements to sell, to unaffiliated third parties, two MR2 Product Tankers, the M/T Stena Weco Elegance and the M/T Eco Palm Desert. The sales are subject to customary closing conditions and are anticipated to be concluded within the first quarter of 2020.

TOP Ships Inc. Announces Agreements to Sell Two Product Tankers

ATHENS, Greece, Jan.  03, 2020  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has sold to unaffiliated third parties its two MR1 Product Tankers, the M/T Eco Fleet and the M/T Eco Revolution (each weighing 39,000 tons). The vessels are expected to be delivered to their new owners during January 2020.

TOP Ships Inc. Announces Sale of Its Two MR1 Product Tankers

ATHENS, Greece, Dec.  23, 2019  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced today that it has entered into agreement with a major Chinese Financier in relation to a financing of up to $60.2 million for its recently acquired two newbuilding ultra-high specification scrubber-fitted 50,000 dwt Medium Range (“MR”) product/chemical tankers currently under construction at Hyundai Mipo Co., Ltd. in South Korea and due for delivery in February 2020.

TOP Ships Inc. Announces Financing for Recently Acquired Two Newbuilding Vessels

ATHENS, Greece, Dec.  19, 2019  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has acquired 100% of the issued and outstanding shares of Santa Catalina Inc. and Santa Monica Inc., which are Marshall Islands companies that have entered into new building contracts for two ultra-high specification scrubber-fitted 50,000 dwt Medium Range (“MR”) product/chemical tankers under construction at Hyundai Mipo Dockyard Co., Ltd. in South Korea and scheduled for delivery during February 2020.

TOP Ships Inc. Announces Acquisition of Two Scrubber Fitted ECO MR Tanker Newbuildings With Time Charters

ATHENS, GREECE, Nov.  22, 2019  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner 2nd operator of modern, fuel efficient "ECO" tanker vessels, announced today that it closed the previously announced two Financing Agreements with a major Chinese Financier, for total gross proceeds of $45.8 million, in relation to the 50,000 dwt product/chemical tankers M/T Stenaweco Energy and M/T Stenaweco Evolution. The proceeds were used towards the reacquisition of the two vessels via the exercise of purchase options. The Company paid $47.9 million for the exercise of both purchase options and the term of both facilities is 10 years. 

Top Ships Inc. Announces Closing of Financings 

ATHENS, Greece, Nov.  07, 2019  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”) (NASDAQ:TOPS) announced today that it has entered into a placement agent agreement with Maxim Group LLC relating to the sale of the Company’s securities (the “Placement Agent Agreement”).  Pursuant to the Placement Agent agreement, the Company entered into a securities purchase agreement with certain institutional investors in connection with a registered direct offering of an aggregate of 4,200,000 common shares at a public offering price of $2.00 per share (the “Registered Offering”).  Concurrently with the Registered Offering and pursuant to the Purchase Agreement, the Company also commenced a private placement whereby it issued and sold Class A warrants to purchase up to 4,200,000 common shares and Class B warrants to purchase up to 4,200,000 common shares (the “Private Placement”). The aggregate gross proceeds of the Registered Offering and Private Placement are $8.4 million. The Registered Offering and Private Placement are expected to close on or about November 7, 2019, subject to the satisfaction of customary closing conditions. 

Top Ships Inc. Announces Pricing of $8.4 Million Registered Direct Offering

ATHENS, Greece, Sept.  11, 2019  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”) (NASDAQ:TOPS) announces the pricing of an underwritten public offering of 1,580,000 common shares (or pre-funded warrants to purchase common shares in lieu thereof) and warrants to purchase up to 1,580,000 of the Company’s common shares. Each common share is being sold together with one warrant to purchase one common share at a combined price to the public of $6.30 per share and warrant. The common shares or pre-funded warrants and the accompanying warrants can only be purchased together in this offering, but will be issued separately and will be immediately separable upon issuance. Gross proceeds, before underwriting discounts and commissions and estimated offering expenses, are expected to be $9.95 million.

TOP Ships Inc. Announces Pricing of Approximately $10 Million Underwritten Public Offering

TOP SHIPS Inc (NASDAQ: TOPS) shares rocketed higher by 24% on Wednesday after the company reported a smaller-than-expected earnings loss in the first half of the year.

Low Float Shipper TOP Ships Skyrockets Following Earnings

ATHENS, Greece, Sept.  03, 2019  (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today its unaudited financial results for the six months ended June 30, 2019.

TOP Ships Reports Six Months Ended June 30, 2019 Financial Results

TOP Ships Inc. shares TOPS, -1.29% fell 5.3% to $6.59, but this was after the price was adjusted following another reverse stock split.

News for TOP Ships Stock (TOPS)