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Top Ships On Mar. 11 Entered Equity Distribution Agreement With Maxim Under Which Co. May Offer And Sell Up To $5M Of Common Stock

Top Ships Inc., a corporation organized under the laws of the Republic of the Marshall Islands (the "Company"), proposes to issue and sell through Maxim Group LLC (the "Agent"), as sales agent, common

Benzinga · 03/12/2020 17:43

Top Ships Inc., a corporation organized under the laws of the Republic of the Marshall Islands (the "Company"), proposes to issue and sell through Maxim Group LLC (the "Agent"), as sales agent, common shares of the Company, par value $0.01 per share (the "Common Shares"), having an aggregate offering price of up to US$5,000,000 of Common Shares (the Common Shares subject to this Equity Distribution Agreement (this "Agreement") being referred to herein as the "Shares") on terms set forth herein. The Shares consist entirely of authorized but unissued Common Shares to be issued and sold by the Company. For the avoidance of doubt, this Agreement is separate and in addition to a similar Equity Distribution Agreement between the Company and the Agent, dated February 12, 2020, as the Common Shares subject to such agreement have been sold by the Company.