Report of Foreign Issuer (6-k)
April 30 2020 - 04:09PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington,
D.C. 20549
REPORT OF
FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2020
Commission File Number
001-37889
TOP SHIPS
INC.
(Translation of registrant's name into
English)
1 VAS. SOFIAS
& MEG.
ALEXANDROU
STREET
151 24,
MAROUSSI
ATHENS,
GREECE
(Address of principal executive
offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form 20-F [X]
Form 40-F [ ]
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): [ ].
Note: Regulation S-T Rule 101(b)(1)
only permits the submission in paper of a Form 6-K if submitted
solely to provide an attached annual report to security
holders.
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): [ ].
Note: Regulation S-T Rule 101(b)(7)
only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign
private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant's "home country"), or under the
rules of the home country exchange on which the registrant's
securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been
distributed to the registrant's security holders, and, if
discussing a material event, has already been the subject of a Form
6-K submission or other Commission filing on EDGAR.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On April 28, 2020 TOP Ships Inc. (the
"Company") 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 (the "Securities Purchase Agreement") with certain
institutional investors in connection with a registered direct
offering of 29,500,0000 of the Company's common shares at a public
offering price of $0.186 per share (the "Registered Offering"). The
aggregate gross proceeds of the Registered Offering is $5.487
million. The Registered Offering is expected to close on or about
April 30, 2020, subject to the satisfaction of customary closing
conditions.
Attached
hereto as
Exhibit 1 is a copy of
the Placement Agent Agreement.
Attached
hereto as
Exhibit 2 is a copy of
the Securities Purchase Agreement.
Attached
hereto as
Exhibit 5.1 is the
opinion of Seward Kissel LLP relating to the common shares.
The
information contained in this report on Form 6-K is hereby
incorporated by reference into the Company's registration statement
on Form F-3 (File No. 333-234281) that was filed with the SEC and
became effective on November 4, 2019.
Pursuant to
the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
