Globus Maritime Limited Announces Price of $ 16.3 Million Registered Direct Placement
GLYFADA, Greece, January 27, 2021 (GLOBE NEWSWIRE) – Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS) today announced that it has entered into a securities purchase agreement with certain non-institutional investors. affiliates to issue 2.6 million of its common shares (or pre-funded warrants in lieu thereof) and warrants to purchase up to a total of 1.95 million common shares at a purchase price of $ 6.25 per common share and associated warrant (or $ 6.24 per funded warrant and accompanying warrant) in a direct registered placement. The warrants will have an exercise price of $ 6.25 per share, be exercisable immediately and will expire five and a half years after the date of issue.
In addition, as of the closing date of this offering, the Board of Directors of the Company has decided to reduce the exercise price of the warrants issued on December 9, 2020 from $ 8.50 per share to $ 6. $ 25 per share.
Maxim Group LLC is acting as sole placement agent for the offering.
The gross proceeds of the offering to the Company are estimated to be approximately $ 16.3 million (assuming the full exercise of all pre-funded warrants) before the deduction of sales agent fees and other expenses of the offering. ‘estimated offer. The offer is expected to close on or around January 29, 2021, subject to the satisfaction of customary closing conditions.
The securities described above are sold in accordance with a prior registration statement on Form F-3 (File No. 333-240265), previously filed with the Securities and Exchange Commission (the “SEC”) on July 31, 2020 and declared effective August 12, 2020. These securities are offered only by prospectus. A prospectus supplement and accompanying prospectus relating to and describing the terms of the offer will be filed with the SEC. When available, copies of the Prospectus Supplement and the accompanying prospectus relating to the Offer may be obtained from the SEC’s website at www.sec.gov or by contacting Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, at 212-895-3745.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal before registration. or qualification under the securities laws of any such state or jurisdiction.
About Globus Maritime Limited
Globus is an integrated dry bulk transport company that provides worldwide shipping services and currently owns, operates and manages a fleet of six dry bulk vessels that transport iron ore, coal, grains, steel products, cement, alumina and other dry bulk cargo internationally. Globus subsidiaries own and operate six vessels with a total carrying capacity of 381,738 dwt and a weighted average age of 11.2 years as of December 31, 2020.
Safe Harbor Declaration
This communication contains “forward-looking statements” as defined by US federal securities laws. Forward-looking statements provide the Company’s current expectations or forecasts regarding future events. Forward-looking statements include statements about the expectations, beliefs, plans, objectives, intentions, assumptions and other statements of the Company which are not historical facts or which are not present facts or conditions. . Words or expressions such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intend”, “can”, “in progress”, “plan”, ” potential “,” foresee “,” “project”, “will” or similar words or expressions, or the negative aspects of such words or expressions, may identify forward-looking statements, but the absence of these words does not necessarily mean that ‘a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The actual results of the Company could differ materially from those anticipated in the forward-looking statements for many reasons specifically described in the documents filed by the Company with the Securities and Exchange Commission. Therefore, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this communication. Globus assumes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of such communication or to reflect the occurrence of unforeseen events. You should, however, consider the factors and risks described by Globus in its reports from time to time with the Securities and Exchange Commission.