Movers and SHAKERS
Seanergy Maritime Holding Corp. (SHIP)
Lower to Market Perform Following Significant Equity Offering.
Seanergy Maritime Holdings Corp., an international shipping company, provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. The company owns a modern fleet of 10 Capesize dry bulk vessels with a combined cargo-carrying capacity of approximately 1,748,581 dwt and an average fleet age of 9.8 years. The company was formerly known as Seanergy Maritime Corp. and changed its name to Seanergy Maritime Holdings Corp. in January 2009.
- Significant equity offering, but number of shares issued could increase materially over the next six months if the stock does not recover. The shares issued, including shares issued to Jelco for waived interest, totals 6.02 million shares and includes Class B and C warrants that are unique.
- Class C warrants are uniquely structured to
protect new shareholders, not existing shareholders. Class C warrants expire in six months, but a cashless exercise feature could trigger issuance of up to 16.5 million addition...
Get full report on Channelchek desktop.
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.