TOP Ships Inc. Announces Exchange of Warrant
January 11 2019 - 6:00AM
TOP Ships Inc. (the “Company”) (NASDAQ:TOPS) announced today that
it has entered into a Warrant Exchange and Exercise Agreement (the
“Agreement”) for the outstanding warrant previously sold on October
26, 2018 with an original exercise price of $1.50 per common share
of the Company, par value $0.01 per share (the “Warrant”).
Pursuant to the terms of the Agreement, the Company has exchanged
the Warrant with its sole holder and the exercise price of the
Warrant has been reduced to $1.02 per share and the holder has
agreed to exercise 300,000 common shares of the Warrant today.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such jurisdiction. Any offers of securities will be made only by
means of a prospectus supplement and accompanying base
prospectus.
About TOP Ships Inc.TOP Ships
Inc. is an international ship-owning company. For more information
about TOP Ships Inc., visit its website: www.topships.org.
Forward-Looking
StatementsMatters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,”
“potential,” “may,” “should,” “expect” “pending” and similar
expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections.
For further information please
contact:
Alexandros TsirikosChief Financial OfficerTOP
Ships Inc.Tel: +30 210 812 8107Email:
atsirikos@topships.org
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