UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of: June 2010
Commission File Number: 001-33416
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OceanFreight Inc.
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(Translation of registrants name into English)
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80 Kifissias Avenue, Athens 15125, Greece
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(Address of principal executive office)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)7: ___
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this report on Form 6-K as Exhibit 99.1 is the press release of OceanFreight Inc. (the Company) dated June 17, 2010, announcing reverse stock split to be effective June 17, 2010.
This Report on Form 6-K and the exhibit hereto is hereby incorporated by reference into the Company's Registration Statement on Form F-3 (File No. 333-160784) as filed with the Securities and Exchange Commission (the "Commission") and declared effective on September 25, 2009 and the Company's Registration Statement on Form F-3 (File No. 333-164306) as filed with the Commission and declared effective on January 21, 2010.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
OCEANFREIGHT INC.
(Registrant)
Dated: June 17, 2010
By:
/s/ Anthony Kandylidis
Anthony Kandylidis
Chief Executive Officer
Exhibit 99.1
OCEANFREIGHT INC. ANNOUNCES REVERSE STOCK SPLIT
TO BE EFFECTIVE JUNE 17, 2010
June 17, 2010 - Athens, Greece
- OceanFreight Inc. (NASDAQ: OCNF) (the Company) today announced that the previously announced reverse stock split will take effect as of the start of NASDAQ trading on Thursday, June 17, 2010 on a 1-for-3 split-adjusted basis. The Companys shares will continue to trade on The NASDAQ Global Market under the symbol OCNF, with the fifth character D appended to the end of the trading symbol for a period of 20 trading days to indicate that the reverse stock split has occurred. The Companys symbol will revert to its original symbol OCNF on July 15, 2010.
The 1-for-3 reverse split will automatically convert three current shares of the Companys common stock into one new share of common stock. The reverse stock split, which, as previously announced, was approved by the Companys shareholders on June 10, 2010, will reduce the number of outstanding common shares from approximately 231.8 million shares to approximately 77.3 million shares. Shareholders holding a number of shares that is not evenly divisible by the ratio of the reverse stock split will receive a cash payment in lieu of any fractional shares.
Shareholders holding physical share certificates will receive instructions as to how to exchange existing share certificates for new certificates representing the post-reverse stock split shares. American Stock Transfer & Trust Company, LLC will serve as the Companys Exchange Agent in connection with the reverse stock split.
About the Company
OceanFreight Inc., is an owner and operator of both drybulk and tanker vessels that operate worldwide. As of the day of this release, OceanFreight owns a fleet of 11 vessels comprising of eight drybulk vessels (three Capesize, five Panamaxes) and three crude carrier tankers (one Suezmax, two Aframaxes) with a combined deadweight tonnage of about 1.2 million tons.
The Companys common stock is listed on the NASDAQ Global Market where it trades under the symbol OCNF.
Visit our website at
www.oceanfreightinc.com
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Investor Relations/Media:
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel: +1-212-661-7566
E-mail: oceanfreight@capitallink.com
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