Seanergy Announces Successful Self Tender Offer for its Outstanding Class E Warrants and Preliminary Results


Seanergy announced the preliminary results of its tender offer to purchase all outstanding Class E Warrants at a price of $0.20 per warrant, net to the seller in cash, less any applicable withholding taxes and without interest.

The tender offer expired at 5:00 P.M., Eastern Time, on January 10, 2023.

Based on a preliminary count by Continental Stock Transfer & Trust Company, the depositary for the tender offer, the total number of warrants tendered in the tender offer was 4,038,114 warrants, representing approximately 47% of the outstanding Class E Warrants. No warrants were tendered pursuant to the guaranteed delivery procedure described in the tender offer documents.

The number of Class E Common Share Purchase Warrants expected to be purchased by the Company and the aggregate purchase price for the warrants are preliminary and subject to the customary final confirmation by the depositary and the proper delivery of warrants tendered. The final results of the tender offer will be announced promptly following completion of the confirmation process. Payment for warrants accepted for purchase by the Company will be made in accordance with the terms of the tender offer promptly following final confirmation of the number of warrants tendered. Certificates for all warrants tendered and not purchased will be returned, or in the case of warrants entered by book-entry transfer, will be credited to the account maintained with the book-entry transfer facility by the participant who delivered the warrants pursuant to the terms of the tender offer.


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