TOP Ships (TOPS): $6.0M Direct Offering Closed – Surges 8.12%

TOPS Ships (TOPS) is very close to closing their $6.0 million dollar direct offering. They announced Wednesday that they will be entering into an agreement with Maxim Group LLC.

The company will be purchasing, along with certain connected institutional investors, $6.0M worth of stock totaling to 33,333,333 in common shares at a public offering price of $0.18.

As the closing date approaches, last night in extended hours the TOPS stock surged 8.12%.

Morgan Stanley, Wells Fargo, Creative Planning, Deutsche Bank and Ladenburg Thalmann Financial owns at least 0.1% or less according to previous filings.

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Jay Lorrence
Investor of 12 years and Managing Editor of Money Midnight, a news outlet focused on highly profitable investment ideas and bold underground research.
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