Navios Maritime Acquisition Corporation Announces Proposed Registered Direct Offering of Common Stock
October 17 2019 - 4:10PM
Navios Maritime Acquisition Corporation (“Navios Acquisition”)
(NYSE: NNA), an owner and operator of tanker vessels, announced
today that it is planning an offering of shares of its common stock
in a registered direct offering, subject to market and other
conditions. Navios Acquisition expects to use the net proceeds from
the registered direct offering for general corporate purposes.
Navios Acquisition’s common stock trades on the New York Stock
Exchange under the symbol “NNA.”
Fearnley Securities, Inc. is acting as sole lead manager.
S. Goldman Advisors LLC and Fearnley Securities AS are acting as
lead placement agents in the registered direct offering. Fearnley
Securities AS is not a U.S. registered broker-dealer and to the
extent that this offering is made within the United States, its
activities will be effected only to the extent permitted by Rule
15a-6 of the Securities Exchange Act of 1934, as amended.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. This offering may be made
only by means of a prospectus supplement and accompanying base
prospectus. When available, copies of the prospectus supplement and
accompanying base prospectus related to this offering may be
obtained from: Fearnley Securities, Inc., 880 Third Avenue, 16th
Floor, New York, NY 10022, Attention: Prospectus Department or by
emailing prospectus@fearnleys.com, (tel: (212) 277-3636).
About Navios Maritime Acquisition
CorporationNavios Acquisition (NYSE:NNA) is an owner and
operator of tanker vessels focusing on the transportation of
petroleum products (clean and dirty) and bulk liquid chemicals. For
more information about Navios Acquisition, please visit our
website: www.navios-acquisition.com.
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 and Navios Acquisition’s growth strategy and measures to
implement such strategy, including expected vessel acquisitions and
entering into further employment contracts. Words such as “may,”
“expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,”
“estimates,” and variations of such words and similar expressions
are intended to identify forward-looking statements. Such
statements include, without limitation, statements related to the
planned public offering of shares. These forward-looking statements
are based on the information available to, and the expectations and
assumptions deemed reasonable by, Navios Acquisition at the time
these statements were made. Although Navios Acquisition believes
that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations
will prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of Navios
Acquisition. Actual results 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 creditworthiness of our charterers and the
ability of our contract counterparties to fulfill their obligations
to us, tanker industry trends, including charter rates and vessel
values and factors affecting vessel supply and demand, the aging of
our vessels and resultant increases in operation and dry docking
costs, the loss of any customer or charter or vessel, our ability
to repay outstanding indebtedness, to obtain additional financing
and to obtain replacement charters for our vessels, in each case,
at commercially acceptable rates or at all, increases in costs and
expenses, including but not limited to: crew wages, insurance,
provisions, port expenses, lube oil, bunkers, repairs, maintenance
and general and administrative expenses, the expected cost of, and
our ability to comply with, governmental regulations and maritime
self-regulatory organization standards, as well as standard
regulations imposed by our charterers applicable to our business,
potential liability from litigation and our vessel operations,
including discharge of pollutants, general domestic and
international political conditions, competitive factors in the
market in which Navios Acquisition operates; risks associated with
operations outside the United States; and other factors listed from
time to time in Navios Acquisition’s filings with the SEC,
including its annual and interim reports filed on Form 20-F and
Form 6-K. Navios Acquisition 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 Navios Acquisition’s expectations with respect thereto or any
change in events, conditions or circumstances on which any
statement is based. Navios Acquisition makes no prediction or
statement about the performance of its common
stock.
Investor Relations ContactNavios Maritime
Acquisition
Corporation+1.212.906.8644info@navios-acquisition.com
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