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Stock impact report

Why Seanergy Maritime's Shares Will Drop Below $1 [Seeking Alpha]

Seanergy Maritime Holdings Corp (SHIP) 
Last seanergy maritime holdings corp earnings: 2/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: seanergymaritime.com/en
Company Research Source: Seeking Alpha
Why Seanergy Maritime's Shares Will Drop Below $1 Summary Seanergy's $3.40 per unit public offering includes dilutive warrants with the units. The units are virtually risk free for the unit holders at share prices over $1.00, but that value has to come from current shareholders. With shares potentially diluted up to seven times and an incentive for unit holders to drive down the price, Seanergy's share price could drop further. As a result of dry bulk shipper Seanergy’s (NASDAQ: SHIP pricing of their public offering What may not have been immediately apparent for current shareholders is that the Class B and Class C warrants aren’t as benign as presented in the company's press release, which only stated the expiration dates and and initial exercise price of the warrants. The warrant terms are actually worse for existing shareholders. On the other hand, at share prices above $1.00, Seanergy’s offering is virtually risk free for the buyers of the units through just the shares and the Cla Show less Read more
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