Globus Maritime files for stock shelf offering of up to 36.4 mln shares

Globus

Globus Maritime filed for a stock shelf offering of up to 36.4 mln shares offered by selling shareholders:

The Selling Shareholders listed herein (the “Selling Shareholders”) or any of their pledgees, donees, transferees or successors in interest, may sell in one or more offerings pursuant to this prospectus up to 36,380,017 of our common shares, 4 million of which are issued and outstanding on the date hereof and 32,380,017 of which are issuable upon the exercise of warrants (which if all exercised would result in gross proceeds to the Company of approximately $51.8 million).

The Selling Shareholders or any of their pledgees, donees, transferees or successors in interest may sell any or all of these common shares on any stock exchange, market or trading facility on which the shares are traded or in privately negotiated transactions at fixed prices that may be changed, at market prices prevailing at the time of sale or at negotiated prices. Information on the Selling Shareholders and the times and manners in which they or any of their pledgees, donees, transferees or successors in interest may offer and sell our common shares is described under the sections entitled “Selling Shareholders”, “The Offering”, and “Plan of Distribution” in this prospectus. We will not receive any of the proceeds from the sale of our common shares by the Selling Shareholders.

Our common shares are listed on the Nasdaq Capital Market under the symbol “GLBS.” The opening sales price of our common stock on the Nasdaq Capital Market as of April 12, 2017 was $3.27 per share. There were 27,628,789 of our common shares outstanding as of April 12, 2017.

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