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.