Globus Maritime Limited Announces Pricing of $12.4 Million Registered Direct Offering
June 26 2020 - 8:20AM
Globus Maritime Limited (the “Company”) (NASDAQ: GLBS) announced
today that it has entered into a securities purchase agreement with
certain unaffiliated institutional investors to issue approximately
$12.4 million of its common shares (the “Common Shares”) in a
registered direct offering and warrants to purchase Common Shares
in a concurrent private placement.
Under the terms of the securities purchase
agreement, the Company has agreed to sell 45,850,000 Common Shares.
In a concurrent private placement, the Company has agreed to issue
warrants to purchase up to 45,850,000 Common Shares. The warrants
will be exercisable upon issuance and have an exercise price of
$0.30 per share. The warrants will expire 5.5 years from the
issuance date. The purchase price for one Common Share and one
warrant will be $0.27. The gross proceeds to the Company from the
registered direct offering and concurrent private placement are
estimated to be approximately $12.4 million before deducting the
placement agent’s fees and other estimated offering expenses. The
registered direct offering and concurrent private placement are
expected to close on or about June 30, 2020, subject to the
satisfaction of customary closing conditions.
Maxim Group LLC is acting as sole placement
agent for the offering.
The Common Shares being sold pursuant to the
registered direct offering are being sold pursuant to a shelf
registration statement on Form F-3 (File No. 333-222580),
previously filed with the Securities and Exchange Commission (the
“SEC”) on January 17, 2018 and declared effective on February 8,
2018. Such securities are being offered only by means of a
prospectus. A prospectus supplement and the accompanying prospectus
relating to and describing the terms of the registered direct
offering will be filed with the SEC. The warrants sold in the
concurrent private placement, along with the Common Shares
underlying such warrants, have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), and are
offered pursuant to an exemption from the registration requirements
of Section 5 of the Securities Act contained in Section 4(a)(2)
thereof and/or Regulation D promulgated thereunder. When available,
copies of the prospectus supplement and the accompanying prospectus
relating to the registered direct offering may be obtained at the
SEC’s website at www.sec.gov or by contacting Maxim Group LLC, 405
Lexington Avenue, 2nd Floor, New York, NY 10174, at
212-895-3745.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
About Globus Maritime
Limited
Globus is an integrated dry bulk shipping
company that provides marine transportation services worldwide and
presently owns, operates and manages a fleet of five dry bulk
vessels that transport iron ore, coal, grain, steel products,
cement, alumina and other dry bulk cargoes internationally. Globus’
subsidiaries own and operate seven vessels with a total carrying
capacity of 300,571 Dwt and a weighted average age of 12.1 years as
of March 31, 2020.
Safe Harbor Statement
This communication contains “forward-looking
statements” as defined under U.S. federal securities laws.
Forward-looking statements provide the Company’s current
expectations or forecasts of future events. Forward-looking
statements include statements about the Company’s expectations,
beliefs, plans, objectives, intentions, assumptions and other
statements that are not historical facts or that are not present
facts or conditions. Words or phrases such as “anticipate,”
“believe,” “continue,” “estimate,” “expect,” “intend,” “may,”
“ongoing,” “plan,” “potential,” “predict,” “project,” “will” or
similar words or phrases, or the negatives of those words or
phrases, may identify forward-looking statements, but the absence
of these words does not necessarily mean that a statement is not
forward-looking. Forward-looking statements are subject to known
and unknown risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ
materially from those expected or implied by the forward-looking
statements. The Company’s actual results could differ materially
from those anticipated in forward-looking statements for many
reasons specifically as described in the Company’s filings with the
Securities and Exchange Commission. Accordingly, you should not
unduly rely on these forward-looking statements, which speak only
as of the date of this communication. Globus undertakes no
obligation to publicly revise any forward-looking statement to
reflect circumstances or events after the date of this
communication or to reflect the occurrence of unanticipated events.
You should, however, review the factors and risks Globus describes
in the reports it will file from time to time with the Securities
and Exchange Commission after the date of this communication.
For
further information please contact: |
|
Globus Maritime Limited +30 210 960 8300 |
Capital Link – New York +1 212 661 7566 |
Athanasios Feidakis, CEO |
Nicolas Bornozis
globus@capitallink.com |
a.g.feidakis@globusmaritime.gr |
|
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