Top ships inc. announces pricing of $7.2 million registered direct offering and concurrent private placement

Athens, greece, june 03, 2022 (globe newswire) -- top ships inc. (the “company”) (nasdaq:tops), an international owner and operator of modern, fuel efficient "eco" tanker vessels, announced today that it has entered into a securities purchase agreement with a single institutional investor to purchase approximately $7.2 million of its common shares (or pre-funded warrants in lieu thereof) in a registered direct offering and warrants to purchase common shares in a concurrent private placement. the combined effective purchase price for one common share (or pre-funded warrant in lieu thereof) and one warrant to purchase one common share will be $0.50.
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