reports
Top Ships Inc. Announces Time Charter Extensions at Very Strong Rates ...
Top Ships Inc. Announces Time Charter Extensions at Very Strong Rates and Revenue of $100 Million ATHENS, Greece, July 25, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NYSE: TOPS) (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its 50% subsidiaries which own M/T Eco Yosemite Park and M/T Eco Joshua Park entered into agreements with their current charterers to extend their time charter employment at higher rates. Specifically, both MRs will commence 7-year time charters on August 1, 2024 at a gross daily hire rate of $1...
TOP Ships Inc. Announces Commencement of Time Charter at Very Strong R...
TOP Ships Inc. Announces Commencement of Time Charter at Very Strong Rate an Increase of 36% Over Previous Time Charter ATHENS, Greece, May 02, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NYSE: TOPS) (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has commenced its previously announced time charter employment contract with a high-quality counterparty for its product/chemical tanker M/T Eco Marina Del Rey. The new time charter will have a firm duration of 3 years with an additional year at the charterer’s option. ...
TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC
TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC ATHENS, Greece, April 11, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ: TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it will transfer the listing of its common shares from the Nasdaq Capital Market (“Nasdaq”) to the NYSE American LLC (“NYSE American”). The Company expects to commence trading as a NYSE American-listed company at market open on April 24, 2024 under its existing ticker symbol, “TOPS.” The Company’s shares w...
Top Ships Inc. Announces Filing of 2023 Annual Report on Form 20-F
Top Ships Inc. Announces Filing of 2023 Annual Report on Form 20-F ATHENS, Greece, April 01, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its annual report on Form 20-F for the year ended December 31, 2023 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “Commission”). The Annual Report may be accessed through the Company’s website, , or on the website of the Commission, About TOP Ships Inc. TOP Ships Inc. is an international own...
TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Se...
TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Series F Perpetual Preferred Shares Held by Related Party ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has entered into five sale and leaseback financing agreements (the “Financing Agreements”) with three major Chinese financiers for the refinancing of two 157,000 dwt Suezmax tankers, the M/Ts Eco West Coast and Eco Malibu (already concluded), two 300...
TOP Ships Announces Share Repurchase Program
TOP Ships Announces Share Repurchase Program ATHENS, Greece, Dec. 14, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today a share repurchase program. The Company’s Board of Directors (the “Board”) today authorized a share repurchase program under which the Company may repurchase up to $4 million of its outstanding common shares, representing approximately 5.2% of the Company’s market capitalization as of December 13, 2023, for a period of three months (the...
Top Ships Announces Increase From Previously Announced Management Esti...
Top Ships Announces Increase From Previously Announced Management Estimate of Net Asset Value to $344 Million and Contracted Revenue Backlog of $400 Million ATHENS, Greece, Dec. 12, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that after taking into account the most recent charter free vessel value estimates from a third party international broker, debt outstanding and cash, management estimates the Company’s net asset value (“NAV”) as of December 12...
TOP Ships Announces Increase in Shareholding by Pistiolis Family to 73...
TOP Ships Announces Increase in Shareholding by Pistiolis Family to 73% Via Full Conversion of Preferred Shares and Open-Market Purchases Demonstrating the CEO’S Commitment to the Company ATHENS, Greece, Dec. 07, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has issued 2,930,718 common shares pursuant to an exercise notice for the conversion of 100% of the Series E preferred shares held by a trust for the benefit of family members of the Compa...
TOP Ships Inc. Announces Extension of Time Charter Employment for Two ...
TOP Ships Inc. Announces Extension of Time Charter Employment for Two VLCC Tankers ATHENS, Greece, Nov. 22, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NASDAQ: TOPS) (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has agreed to extend the time charter employment contracts of its two VLCC vessels, M/T Julius Caesar and M/T Legio X Equestris, at an increased rate. Specifically, the firm period will be extended for approximately 3 years at a daily rate of $41,500 per vessel with two additional years at the charterer’s ...
Top Ships Inc. Announces Compliance with NASDAQ Minimum Bid Price Requ...
Top Ships Inc. Announces Compliance with NASDAQ Minimum Bid Price Requirement ATHENS, Greece, Oct. 16, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that NASDAQ notified the Company that it has regained compliance with the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq Listing Rule 5550(a)(2). About TOP Ships Inc. TOP Ships Inc. is an international owner and operator of modern, fuel efficient eco tanker vessels focusing on the transportation of...
TOP Ships Announces Reverse Stock Split
TOP Ships Announces Reverse Stock Split ATHENS, Greece, Sept. 28, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NASDAQ: TOPS) (the “Company”), announced today that it has determined to effect a 1-for-12 reverse stock split of the Company’s issued common shares. The Company’s shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Company’s Annual Meeting of Shareholders held on September 5, 2022. The reverse stock split is expected to take effect, and the Company’s common stock...
TOP Ships Announces Management Estimate of Net Asset Value of $285 Mil...
TOP Ships Announces Management Estimate of Net Asset Value of $285 Million, Net Asset Value per Share of $14.02 and Diluted Net Asset Value per Share of $4.97 ATHENS, Greece, Aug. 04, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that following the release of the Company’s financial results for the period ended June 30, 2023 the management estimates the company’s Net Asset Value (“NAV”), as of June 30, 2023 to be $285.3 million. This translates into ...
Top Ships Announces Profit of $5.8 Million and an EPS of $0.13 for the...
Top Ships Announces Profit of $5.8 Million and an EPS of $0.13 for the 1st Half of 2023 Marking its Fifth Consecutive Profitable Six-Month Period ATHENS, Greece, Aug. 03, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today its unaudited financial results for the six months ended June 30, 2023. As of and for six months ended June 30, 2023, the Company reported: Total revenues of $41.1 millionNet Income of $5.8 millionEarnings Per Share (“EPS”) of $0.13 and diluted EPS of $0.10EBITDA*...
TOP Ships Inc. Announces Time Charters at Very Strong Rates and Revenu...
TOP Ships Inc. Announces Time Charters at Very Strong Rates and Revenue Backlog of $352 Million, 26% Higher Than Previously Reported ATHENS, Greece, July 20, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (NASDAQ: TOPS) (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has agreed to extend for up to 36 months the time charter agreements with Clearlake Shipping Pte Ltd. for its two Suezmax vessels, M/T Eco West Coast and M/T Eco Malibu. The extended period, which starts after the expiration of the present time charters in...
Top Ships Inc. Announces Proposed Spin-Off Creating a New Suezmax Tank...
Top Ships Inc. Announces Proposed Spin-Off Creating a New Suezmax Tanker Company ATHENS, Greece, June 21, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel -efficient “ECO” tanker vessels, announced today the filing of a registration statement on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the potential spin-off of one of its Suezmax tanker vessels. Rubico Inc. (“Rubico”), currently a subsidiary of TOP Ships, is set to become an independent publicly-traded...
TOP Ships Inc. Announces Receipt of Nasdaq Notice
TOP Ships Inc. Announces Receipt of Nasdaq Notice ATHENS, Greece, April 25, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated April 21, 2023, indicating that because the closing bid price of the Company's common stock for the last 30 consecutive business days was below $1.00 per share, the Company no longer meets the minimum bid price requirement for the Nasdaq Capital Market, set forth in Nasdaq ...
TOP Ships Inc. Announces Filing of 2022 Annual Report on Form 20-F
TOP Ships Inc. Announces Filing of 2022 Annual Report on Form 20-F ATHENS, Greece, April 03, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that its annual report on Form 20-F for the year ended December 31, 2022 (the “Annual Report”) has been filed with the U.S. Securities and Exchange Commission (the “Commission”). The Annual Report may be accessed through the Company’s website, , or on the website of the Commission, About TOP Ships Inc. TOP Ships Inc. is an international shi...
Top Ships Announces Management Estimate of Diluted Net Asset Value Per...
Top Ships Announces Management Estimate of Diluted Net Asset Value Per Share of $5.27 ATHENS, Greece, March 08, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that the Company’s management estimates the company’s Net Asset Value (“NAV”), based on charter free vessel values, debt and cash as of December 31, 2022 as adjusted for the equity offering that priced on February 14, 2023, to be $286 million. This translates into an NAV of $14.05 per common sha...
TOP Ships Announces Record Net Income of $18.9 Million for the Year En...
TOP Ships Announces Record Net Income of $18.9 Million for the Year Ended December 31, 2022, 120% Increase From 2021, and Adoption of Shareholder-Friendly Measures Including Moratorium on New Equity Offerings ATHENS, Greece, March 01, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today its unaudited financial results for the year ended December 31, 2022. As of and for the year ended December 31, 2022, the Company reported: Total revenues of $80.7 million (43% increase from the year e...
TOP Ships Inc. Announces Pricing of $13.6 Million Registered Direct Of...
TOP Ships Inc. Announces Pricing of $13.6 Million Registered Direct Offering ATHENS, Greece, Feb. 14, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has entered into a securities purchase agreement with several institutional investors to purchase approximately $13.6 million of its units in a registered direct offering at a price of $1.35 per unit. Each unit will consist of one common share (or pre-funded warrant in lieu thereof) and one warran...
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