Seanergy Maritime Holdings Corp. announced the pricing of its $15 million public offering of 10,000,000 common shares and class A warrants, at a combined price to the public of $1.50 per common share and class A warrant.
The offering is expected to close on or about December 13, 2016.
The Company estimates that the net proceeds from the offering, after deducting the underwriting discount and offering expenses, will be approximately $13,380,000.
The net proceeds of the offering are expected to be used for debt repayment, vessel acquisitions in accordance with the Company’s growth strategy and general corporate purposes.
Maxim Group LLC is acting as sole manager for the offering. The Company has granted Maxim Group LLC a 45-day option to purchase up to an additional 1,500,000 common shares and/or 1,500,000 class A warrants to cover over-allotments, if any.