Castor maritime inc. announces pricing of $125 million registered direct offering

Limassol, cyprus, april 05, 2021 (globe newswire) -- castor maritime inc. (the “company”) (nasdaq: ctrm) announces today that it has entered into a securities purchase agreement with certain unaffiliated institutional investors to issue approximately 192.3 million of its common shares and warrants to purchase up to an aggregate of 192.3 million common shares at a purchase price of $0.65 per common share and accompanying warrant in a registered direct offering (the “offering”). the warrants will have an exercise price of $0.65 per share, are exercisable immediately and will expire five years following the date of issuance.
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