Castor Maritime Inc. Announces Final Results of Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: GlobeNewswire
LIMASSOL, Cyprus, June 03, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping company, announces today the final results of its tender offer (the “Offer”) to purchase all of its outstanding Common Share Purchase Warrants issued on April 7, 2021 (the “Warrants”), which expired at 5:00 P.M. Eastern time on May 31, 2024. Based on the final count by the Company, 10,080,770 Warrants, exercisable in the aggregate into 1,008,077 Common Shares, were properly tendered and not properly withdrawn prior to expiration of the Offer. The Company expects to accept all of these Warrants for purchase in accordance with the terms of the Offer at a price of $0.105 per Warrant, net to the seller in cash, without interest, for an aggregate cost of approximately $1,058,481 excluding fees relating to the Offer. The Company will promptly pay for all of the Warrants accepted for purchase. Immediately following the retirement and c
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CTRM
Sec Filings
- 6/3/24 - Form 6-K
- 6/3/24 - Form SC
- 5/16/24 - Form 6-K
- CTRM's page on the SEC website