Seanergy Maritime Holdings Corp. Announces Public Offering of Common Shares and Warrants
August 17 2020 - 4:15PM
Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ:
SHIP), announced today that it has commenced an
underwritten public offering of its common shares and warrants to
purchase common shares. The Company intends to use the net proceeds
from this offering for general corporate purposes. The offering is
subject to market conditions, and there can be no assurance as to
whether or when the offering may be completed.
Maxim Group LLC is acting as the sole
book-running manager and Fearnley Securities is acting as lead
manager for the offering.
The securities described above are being offered
by Seanergy Maritime Holdings Corp. pursuant to a registration
statement (File No. 333-226796) previously filed and declared
effective by the Securities and Exchange Commission (SEC). The
securities are being offered only by means of a prospectus
supplement and accompanying prospectus, forming part of the
registration statement. A preliminary prospectus supplement and
accompanying prospectus relating to this offering have been filed
with the SEC. Electronic copies of the preliminary prospectus
supplement and the accompanying prospectus relating to this
offering may be obtained from Maxim Group LLC, 405 Lexington
Avenue, 2nd Floor, New York, NY 10174, at 212-895-3745. Electronic
copies of the preliminary prospectus supplement and accompanying
prospectus are also available on the website of the SEC at
www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.
About Seanergy Maritime Holdings
Corp.Seanergy Maritime Holdings Corp. is the only
pure-play Capesize ship-owner publicly listed in the US. Seanergy
provides marine dry bulk transportation services through a fleet of
11 Capesize vessels with an average age of about 11.5 years and
aggregate cargo carrying capacity of approximately 1,926,117 dwt.
The Company is incorporated in the Marshall Islands and has
executive offices in Athens, Greece and an office in Hong Kong. The
Company's common shares trade on the Nasdaq Capital Market under
the symbol "SHIP", its Class A warrants under "SHIPW" and its Class
B warrants under “SHIPZ”.
Please visit our company website at:
www.seanergymaritime.com
Cautionary Note Regarding
Forward-Looking StatementsThis press release contains
forward-looking statements (as defined in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended) concerning future
events, particularly with respect to the proposed public offering
described herein. Words such as "may", "should", "expects",
"intends", "plans", "believes", "anticipates", "hopes", "estimates"
and variations of such words and similar expressions are intended
to identify forward-looking statements. These statements involve
known and unknown risks and are based upon a number of assumptions
and estimates, which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the
control of the Company. Actual results (including, without
limitation, whether the offering described herein will occur at
all, and if so (of which no assurances can be given), on what
terms) may differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause actual
results to differ materially include, but are not limited to, the
demand for the Company securities in the public market, the
Company's operating or financial results; the Company's liquidity,
including its ability to service its indebtedness; competitive
factors in the market in which the Company operates; shipping
industry trends, including charter rates, vessel values and factors
affecting vessel supply and demand; future, pending or recent
acquisitions and dispositions, business strategy, areas of possible
expansion or contraction, and expected capital spending or
operating expenses; risks associated with operations outside the
United States; and other factors listed from time to time in the
Company's filings with the SEC, including the Registration
Statement and its most recent annual report on Form 20-F. The
Company's filings can be obtained free of charge on the SEC's
website at www.sec.gov. Except to the extent required by law, the
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
For further information please
contact: Capital Link, Inc. Judit Csepregi 230 Park Avenue
Suite 1536 New York, NY 10169 Tel: (212) 661-7566 E-mail:
seanergy@capitallink.com
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